Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Position in Five Below, Inc. $FIVE

by · The Cerbat Gem

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,603 shares of the specialty retailer’s stock, valued at approximately $1,620,000.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in Five Below by 397.5% in the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after purchasing an additional 654,763 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of Five Below during the 3rd quarter worth approximately $866,000. Estate Counselors LLC bought a new stake in shares of Five Below during the 3rd quarter worth approximately $3,755,000. AGF Management Ltd. bought a new stake in shares of Five Below during the 3rd quarter worth approximately $7,304,000. Finally, Caprock Group LLC bought a new position in Five Below in the 3rd quarter valued at approximately $2,346,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Wells Fargo & Company increased their price objective on shares of Five Below from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Telsey Advisory Group increased their price objective on shares of Five Below from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. BNP Paribas Exane increased their price objective on shares of Five Below from $189.00 to $262.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Finally, Mizuho raised their price target on shares of Five Below from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $240.60.

Get Our Latest Analysis on FIVE

Five Below Price Performance

FIVE opened at $219.50 on Friday. The company’s 50-day moving average is $225.26 and its 200 day moving average is $200.80. Five Below, Inc. has a fifty-two week low of $105.11 and a fifty-two week high of $251.63. The firm has a market capitalization of $12.14 billion, a P/E ratio of 33.98, a PEG ratio of 1.64 and a beta of 1.00.

Five Below (NASDAQ:FIVE – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.31. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $3.48 earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. On average, equities research analysts expect that Five Below, Inc. will post 8.16 earnings per share for the current year.

Insider Activity

In other news, Director Ronald Sargent sold 10,000 shares of Five Below stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the transaction, the director owned 83,674 shares in the company, valued at $19,352,122.72. This trade represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of Five Below stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the transaction, the chief operating officer owned 92,531 shares of the company’s stock, valued at $21,665,208.34. The trade was a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.96% of the company’s stock.

About Five Below

(Free Report)

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

See Also

Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE – Free Report).