Pilgrim Partners Asia Pte Ltd Takes $166,000 Position in Five Below, Inc. (NASDAQ:FIVE)

Pilgrim Partners Asia Pte Ltd bought a new position in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,580 shares of the specialty retailer’s stock, valued at approximately $166,000.

A number of other hedge funds have also modified their holdings of the company. Gradient Investments LLC increased its holdings in shares of Five Below by 0.7% in the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after purchasing an additional 111 shares during the last quarter. Cornerstone Investment Partners LLC increased its holdings in shares of Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after buying an additional 162 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares during the last quarter. Summit Creek Advisors LLC boosted its stake in shares of Five Below by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 97,479 shares of the specialty retailer’s stock valued at $10,231,000 after purchasing an additional 311 shares in the last quarter. Finally, Amalgamated Bank increased its position in Five Below by 1.5% in the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer’s stock valued at $2,814,000 after acquiring an additional 388 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FIVE shares. Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. UBS Group lowered their price objective on shares of Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Bank of America lowered their price objective on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research note on Thursday, March 20th. Finally, Evercore ISI dropped their price objective on Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $101.42.

Five Below Price Performance

FIVE opened at $56.77 on Friday. The business has a fifty day moving average price of $83.68 and a 200 day moving average price of $91.71. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $165.67.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $3.65 EPS. On average, research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Five Below Company 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.