Centiva Capital LP Takes $267,000 Position in Five Below, Inc. (NASDAQ:FIVE)

Centiva Capital LP bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,543 shares of the specialty retailer’s stock, valued at approximately $267,000.

Other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of Five Below in the fourth quarter valued at approximately $31,000. UMB Bank n.a. grew its stake in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 253 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 558 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Five Below in the fourth quarter valued at $68,000.

Analysts Set New Price Targets

FIVE has been the subject of several recent research reports. Telsey Advisory Group raised their price target on shares of Five Below from $85.00 to $90.00 and gave the company a “market perform” rating in a research report on Friday, May 2nd. Truist Financial raised their target price on shares of Five Below from $65.00 to $81.00 and gave the company a “hold” rating in a report on Monday, May 5th. The Goldman Sachs Group reduced their target price on shares of Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Barclays reduced their target price on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Finally, Mizuho reduced their target price on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Five Below has a consensus rating of “Hold” and a consensus price target of $97.25.

Five Below Price Performance

Shares of FIVE opened at $103.49 on Tuesday. The company has a market capitalization of $5.70 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a one year low of $52.38 and a one year high of $145.00. The company’s fifty day moving average price is $73.40 and its 200 day moving average price is $87.64.

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

Insider Buying and Selling at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

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.