BlackRock Fund Advisors recently announced the acquisition of new stake in Five Below Inc (NASDAQ:FIVE). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.53% to 4.66 million shares with purchase of 24457.0 shares. This fresh investment now brings its stake to 8.44% valued currently at $992.36 million. In addition, T. Rowe Price Associates, Inc. raised its holdings by 0.33 million to 4.29 million shares. And T. Rowe Price Investment Manageme has lifted its position by 3.93% or 0.12 million shares – to 3.05 million shares.
With over 0.45 million Five Below Inc (FIVE) shares trading Friday and a closing price of $190.59 on the day, the dollar volume was approximately $86.65 million. The shares have shown a negative half year performance of -4.21% and its price on 01/12/24 gained nearly 0.28%. Currently, there are 55.54M common shares owned by the public and among those 53.76M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 24 analysts who have offered their price forecasts for FIVE have a consensus price objective of $221.96. The analysts have set the share’s price value over the next 12 months at a high of $270.00 and a low of $170.00. The average price target is 14.13% above its recent price level and a downside to the estimated low will see the stock lose -12.11% over that period. But an upside of 29.41% will see the stock hit the forecast high price target while median target price for the stock is $225.00.
Insiders at the company have transacted a total of 70 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 50 of these insider trades were purchases, accounting for 135,935 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 82,346 shares.
The top 3 mutual fund holders in Five Below Inc are T Rowe Price New Horizons Fund, American Funds Fundamental Invest, and Vanguard Total Stock Market ETF. T Rowe Price New Horizons Fund owns 3.31 million shares of the company’s stock, all valued at over $706.42 million. The company bought an additional 0.21 million shares recently to bring their total holdings to about 6.00% of the shares outstanding. American Funds Fundamental Invest bought 1.37 million shares to see its total holdings expand to 1.89 million shares valued at over $402.04 million and representing 3.42% of the shares outstanding. Vanguard Total Stock Market ETF bought 2220.0 shares to bring its total holdings to over 1.74 million shares at a value of $371.48 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.16% of the shares outstanding.
Shares of Five Below Inc (NASDAQ: FIVE) opened at $191.01, up $0.96 from a prior closing price of $190.05. However, the script later moved the day high at 192.48, up 0.28%. The company’s stock has a 5-day price change of -5.10% and 16.86% over the past three months. FIVE shares are trading -10.59% year to date (YTD), with the 12-month market performance down to -0.32% lower. It has a 12-month low price of $144.57 and touched a high of $220.19 over the same period. FIVE has an average intraday trading volume of 811.35K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.27%, -0.86%, and 1.37% respectively.
Institutional ownership of Five Below Inc (NASDAQ: FIVE) shares accounts for 109.58% of the company’s 55.54M shares outstanding. Mutual fund holders own 45.21%, while other institutional holders and individual stakeholders account for 64.82% and 39.83% respectively.
It has a market capitalization of $10.52B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 39.35, while the earnings-per-share (ttm) stands at $4.84. The company has a PEG of 2.05 and a Quick Ratio of 0.43 with the debt-to-equity ratio at 1.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.58% over the week and 2.70% over the month.
Analysts forecast that Five Below Inc (FIVE) will achieve an EPS of $3.77 for the current quarter, $0.78 for the next quarter and $6.51 for 2025. The lowest estimate earnings-per-share for the quarter is $3.64 while analysts give the company a high EPS estimate of $3.8. Comparatively, EPS for the current quarter was $3.07 a year ago. Earnings per share for the fiscal year are expected to increase by 17.88%, and 17.54% over the next financial year. EPS should shrink at an annualized rate of 19.23% over the next five years, compared to 20.59% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 24 brokerage firm advisors rate Five Below Inc (FIVE) as a “Strong Buy” at a consensus score of 1.38. Specifically, 18 Wall Street analysts polled rate the stock as a buy, while 3 of the 24 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the FIVE, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $235-$230.
