Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Ieq Capital LLC

Ieq Capital LLC lifted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 804.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,646 shares of the specialty retailer’s stock after buying an additional 21,032 shares during the quarter. Ieq Capital LLC’s holdings in Five Below were worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atreides Management LP bought a new position in Five Below during the 3rd quarter worth $68,649,000. Two Sigma Advisers LP purchased a new position in Five Below during the 3rd quarter worth approximately $64,981,000. Holocene Advisors LP purchased a new position in Five Below during the 3rd quarter valued at about $38,829,000. Wellington Management Group LLP increased its stake in shares of Five Below by 1,042.4% in the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock worth $34,545,000 after acquiring an additional 356,776 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Five Below by 1,094.5% in the third quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock worth $32,349,000 after buying an additional 335,493 shares during the last quarter.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Five Below Stock Performance

Shares of Five Below stock opened at $85.92 on Monday. The firm has a market cap of $4.73 billion, a PE ratio of 17.72, a P/E/G ratio of 1.19 and a beta of 1.13. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $212.01. The business’s 50 day simple moving average is $97.38 and its 200 day simple moving average is $92.08.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same period in the previous year, the business earned $0.26 EPS. Five Below’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FIVE shares. Truist Financial boosted their price objective on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Morgan Stanley raised their price objective on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Guggenheim upped their target price on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group upped their target price on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Five Below has a consensus rating of “Hold” and an average price target of $111.32.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.