Jain Global LLC Acquires 70,026 Shares of Five Below, Inc. $FIVE

Jain Global LLC raised its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 114.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 131,021 shares of the specialty retailer’s stock after purchasing an additional 70,026 shares during the period. Jain Global LLC’s holdings in Five Below were worth $20,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FIVE. Eastern Bank lifted its holdings in shares of Five Below by 705.0% in the third quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Five Below during the second quarter worth $26,000. CI Investments Inc. grew its holdings in Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after buying an additional 74 shares in the last quarter. Mather Group LLC. purchased a new stake in Five Below in the 3rd quarter valued at $40,000. Finally, iSAM Funds UK Ltd purchased a new stake in Five Below in the 3rd quarter valued at $40,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FIVE shares. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Five Below in a research note on Tuesday, March 10th. UBS Group set a $255.00 target price on shares of Five Below in a report on Tuesday, January 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $206.00 price target on shares of Five Below in a research report on Monday, February 9th. Morgan Stanley boosted their price target on shares of Five Below from $190.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, Barclays upped their price objective on shares of Five Below from $193.00 to $211.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.75.

Insider Transactions at Five Below

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the completion of the transaction, the chief accounting officer owned 45,724 shares in the company, valued at $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kenneth R. Bull sold 1,925 shares of Five Below stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $202.29, for a total transaction of $389,408.25. Following the completion of the transaction, the chief operating officer owned 99,115 shares of the company’s stock, valued at $20,049,973.35. The trade was a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,525 shares of company stock worth $3,135,554 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $210.36 on Monday. The stock has a market capitalization of $11.60 billion, a PE ratio of 37.77, a P/E/G ratio of 1.61 and a beta of 1.10. Five Below, Inc. has a one year low of $52.38 and a one year high of $229.33. The business’s fifty day moving average price is $205.62 and its 200-day moving average price is $176.25.

About Five Below

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.