Prudential Financial Inc. Acquires 8,035 Shares of Five Below, Inc. (NASDAQ:FIVE)

Prudential Financial Inc. lifted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 236.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,438 shares of the specialty retailer’s stock after acquiring an additional 8,035 shares during the period. Prudential Financial Inc.’s holdings in Five Below were worth $1,201,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FIVE. Vanguard Group Inc. raised its position in Five Below by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after purchasing an additional 43,537 shares during the period. State Street Corp increased its position in shares of Five Below by 1.9% during the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares during the last quarter. Geode Capital Management LLC raised its holdings in Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after buying an additional 11,504 shares during the period. Pacifica Capital Investments LLC lifted its position in Five Below by 13.3% in the fourth quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer’s stock worth $69,122,000 after buying an additional 77,483 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Five Below by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 653,271 shares of the specialty retailer’s stock worth $68,567,000 after buying an additional 38,983 shares during the period.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Five Below Stock Performance

NASDAQ FIVE opened at $56.77 on Monday. The company has a market cap of $3.13 billion, a PE ratio of 11.71, a P/E/G ratio of 1.19 and a beta of 1.11. The firm’s 50 day moving average price is $83.68 and its 200-day moving average price is $91.58. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $164.05.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.65 EPS. On average, analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on FIVE shares. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. JPMorgan Chase & Co. cut their price target on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Truist Financial decreased their price objective on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Telsey Advisory Group cut their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 18th. Finally, StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.42.

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.