Gotham Asset Management LLC Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Gotham Asset Management LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,733 shares of the specialty retailer’s stock, valued at approximately $2,071,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in shares of Five Below in the 4th quarter worth about $31,000. UMB Bank n.a. boosted its holdings 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 worth $35,000 after purchasing an additional 204 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Five Below in the 4th quarter worth about $68,000.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. Evercore ISI cut their price objective on Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Telsey Advisory Group increased their target price on Five Below from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group dropped their target price on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 21st. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $97.25.

Five Below Stock Performance

NASDAQ FIVE opened at $105.61 on Friday. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $145.00. The stock has a 50 day simple moving average of $74.72 and a two-hundred day simple moving average of $87.96. The stock has a market cap of $5.81 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87.

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

About Five Below

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.