Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys Shares of 8,603 Five Below, Inc. $FIVE

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,603 shares of the specialty retailer’s stock, valued at approximately $1,620,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in Five Below by 11.4% in the fourth quarter. HighTower Advisors LLC now owns 9,292 shares of the specialty retailer’s stock valued at $1,750,000 after purchasing an additional 950 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Five Below during the 4th quarter worth about $232,000. North Dakota State Investment Board bought a new stake in shares of Five Below during the 4th quarter worth about $358,000. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Five Below by 0.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 12,338 shares of the specialty retailer’s stock worth $2,324,000 after acquiring an additional 66 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Five Below by 40,774,210.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after acquiring an additional 55,452,926 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the completion of the transaction, the director directly owned 83,674 shares in the company, valued at $19,352,122.72. This represents a 10.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the sale, the chief operating officer directly owned 92,531 shares of the company’s stock, valued at approximately $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FIVE shares. Bank of America upped their price target on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. upped their price target on Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their price target on Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Guggenheim upped their price target on Five Below from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Citigroup upped their price target on Five Below from $200.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $240.60.

Five Below Stock Down 0.0%

Shares of NASDAQ:FIVE opened at $219.79 on Friday. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.65 and a beta of 1.00. The business has a 50 day moving average price of $225.24 and a 200 day moving average price of $200.67. Five Below, Inc. has a twelve month low of $105.11 and a twelve month high of $251.63.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, topping the consensus estimate of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business posted $3.48 EPS. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts anticipate that Five Below, Inc. will post 8.16 EPS for the current year.

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.