WINTON GROUP Ltd Has $18.42 Million Stock Position in Five Below, Inc. $FIVE

WINTON GROUP Ltd reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 24.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 119,035 shares of the specialty retailer’s stock after selling 39,121 shares during the quarter. Five Below makes up about 0.7% of WINTON GROUP Ltd’s portfolio, making the stock its 14th largest position. WINTON GROUP Ltd’s holdings in Five Below were worth $18,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Eastern Bank boosted its stake in shares of Five Below by 705.0% in the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 141 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Five Below during the second quarter worth approximately $26,000. CI Investments Inc. lifted its holdings in Five Below by 44.3% in the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 74 shares during the period. Mather Group LLC. acquired a new position in Five Below in the third quarter valued at approximately $40,000. Finally, Caitlin John LLC bought a new position in Five Below in the third quarter valued at approximately $46,000.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 8,500 shares of Five Below 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 transaction, the chief accounting officer owned 45,724 shares in the company, valued at $9,197,382.60. The trade was a 15.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider George Hill sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $182.09, for a total value of $1,365,675.00. Following the completion of the transaction, the insider owned 32,913 shares of the company’s stock, valued at $5,993,128.17. This represents a 18.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,225 shares of company stock worth $4,901,695. Company insiders own 1.90% of the company’s stock.

Five Below Trading Down 2.9%

FIVE stock opened at $215.28 on Monday. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $229.33. The firm has a market cap of $11.87 billion, a PE ratio of 38.65, a P/E/G ratio of 1.65 and a beta of 1.10. The business’s 50-day moving average price is $202.84 and its two-hundred day moving average price is $173.60.

Analyst Ratings Changes

A number of research firms have commented on FIVE. Telsey Advisory Group lifted their target price on shares of Five Below from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Evercore raised their price target on Five Below from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 23rd. Morgan Stanley lifted their price objective on Five Below from $190.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Jefferies Financial Group upped their price objective on Five Below from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Wells Fargo & Company increased their target price on Five Below from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.85.

Five Below 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.