Principal Financial Group Inc. Cuts Stock Position in Five Below, Inc. $FIVE

Principal Financial Group Inc. trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,381 shares of the specialty retailer’s stock after selling 41,390 shares during the period. Principal Financial Group Inc. owned about 0.31% of Five Below worth $26,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC increased its stake in Five Below by 397.5% in the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock worth $126,777,000 after purchasing an additional 654,763 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Five Below by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 690,615 shares of the specialty retailer’s stock valued at $90,595,000 after purchasing an additional 8,743 shares during the period. Pacer Advisors Inc. bought a new position in shares of Five Below in the third quarter worth approximately $1,121,000. Lisanti Capital Growth LLC purchased a new position in shares of Five Below in the second quarter worth $4,526,000. Finally, Thrivent Financial for Lutherans raised its holdings in Five Below by 57.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 24,477 shares of the specialty retailer’s stock valued at $3,211,000 after buying an additional 8,918 shares during the last quarter.

Insider Transactions at Five Below

In related news, Director Kathleen S. Barclay sold 2,200 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $182.03, for a total value of $400,466.00. Following the completion of the transaction, the director directly owned 9,214 shares in the company, valued at $1,677,224.42. This trade represents a 19.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Eric M. Specter sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the sale, the chief accounting officer directly owned 45,724 shares in the company, valued at $9,197,382.60. The trade was a 15.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 50,769 shares of company stock worth $9,365,308. 1.90% of the stock is owned by insiders.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $202.61 on Friday. The firm has a market capitalization of $11.18 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.53 and a beta of 1.14. The stock has a 50 day moving average price of $187.76 and a 200-day moving average price of $162.20. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $207.11.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.46. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $971.96 million. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Five Below has set its FY 2025 guidance at 5.710-5.890 EPS and its Q4 2025 guidance at 3.360-3.540 EPS. On average, equities analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

FIVE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Five Below from $210.00 to $246.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Citigroup increased their target price on shares of Five Below from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Bank of America upgraded Five Below from an “underperform” rating to a “buy” rating and set a $233.00 price target on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Five Below from a “hold” rating to a “buy” rating and set a $242.00 price objective for the company in a report on Thursday, January 8th. Finally, Wall Street Zen raised Five Below from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Five Below currently has a consensus rating of “Moderate Buy” and an average target price of $203.65.

Five Below Company Profile

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.