Allspring Global Investments Holdings LLC Purchases 534 Shares of Five Below, Inc. (NASDAQ:FIVE)

Allspring Global Investments Holdings LLC raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,811 shares of the specialty retailer’s stock after purchasing an additional 534 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Five Below were worth $10,781,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of Five Below in the third quarter worth approximately $30,000. UMB Bank n.a. boosted its position in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Five Below in the 3rd quarter worth $42,000. R Squared Ltd bought a new position in Five Below in the 4th quarter worth $68,000. Finally, GAMMA Investing LLC boosted its holdings in Five Below by 149.1% in the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock worth $143,000 after buying an additional 814 shares during the period.

Five Below Price Performance

NASDAQ:FIVE opened at $88.72 on Tuesday. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.26 and a beta of 1.12. The business has a 50 day simple moving average of $98.68 and a 200-day simple moving average of $91.42. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $212.01.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. As a group, analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FIVE has been the subject of a number of recent analyst reports. Loop Capital upped their price objective on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley upped their target price on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Guggenheim lifted their price target on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Barclays boosted their price target on shares of Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.32.

Insider Buying and Selling

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.