Jennison Associates LLC lowered its stake in shares of Five Below Inc (NASDAQ:FIVE) by 22.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,655,679 shares of the specialty retailer’s stock after selling 468,376 shares during the quarter. Jennison Associates LLC’s holdings in Five Below were worth $109,805,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. APG Asset Management N.V. purchased a new stake in shares of Five Below during the 4th quarter worth approximately $978,000. Cim LLC increased its stake in shares of Five Below by 103.0% during the 4th quarter. Cim LLC now owns 17,125 shares of the specialty retailer’s stock worth $1,136,000 after purchasing an additional 8,690 shares during the last quarter. Strs Ohio increased its stake in shares of Five Below by 54.8% during the 4th quarter. Strs Ohio now owns 6,500 shares of the specialty retailer’s stock worth $431,000 after purchasing an additional 2,300 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Five Below by 2.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 310,072 shares of the specialty retailer’s stock worth $20,564,000 after purchasing an additional 8,416 shares during the last quarter. Finally, Wasatch Advisors Inc. increased its stake in shares of Five Below by 7.5% during the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock worth $138,056,000 after purchasing an additional 144,473 shares during the last quarter.
Five Below Inc (NASDAQ:FIVE) opened at $66.99 on Friday. Five Below Inc has a fifty-two week low of $37.14 and a fifty-two week high of $73.55. The company has a market cap of $3,715.67, a P/E ratio of 43.97, a P/E/G ratio of 1.30 and a beta of 0.84.
In other Five Below news, Director Ronald Sargent sold 80,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total value of $5,247,200.00. Following the completion of the transaction, the director now directly owns 29,429 shares of the company’s stock, valued at approximately $1,930,248.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth R. Bull sold 15,946 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $66.00, for a total transaction of $1,052,436.00. Following the completion of the transaction, the chief financial officer now directly owns 59,544 shares of the company’s stock, valued at $3,929,904. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,400 shares of company stock valued at $9,474,401. Insiders own 3.22% of the company’s stock.
Several equities research analysts have recently issued reports on FIVE shares. Wells Fargo & Co initiated coverage on shares of Five Below in a research note on Friday, November 3rd. They set an “outperform” rating and a $65.00 price target for the company. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a report on Friday, November 10th. Loop Capital downgraded shares of Five Below from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Monday, November 20th. Finally, MKM Partners raised their price objective on shares of Five Below from $59.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Five Below has an average rating of “Buy” and a consensus target price of $64.33.
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Five Below Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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