Point72 Hong Kong Ltd Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Point72 Hong Kong Ltd bought a new position in Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,350 shares of the specialty retailer’s stock, valued at approximately $2,556,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new position in shares of Five Below during the 4th quarter worth $31,000. UMB Bank n.a. increased its holdings in 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. Coppell Advisory Solutions LLC increased its holdings in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 253 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 buying an additional 558 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Five Below in the 4th quarter worth about $68,000.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. Mizuho reduced their price target on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price objective on shares of Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Evercore ISI cut their price target on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group cut their price target on shares of Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. 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, Five Below currently has a consensus rating of “Hold” and an average target price of $97.25.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $105.61 on Friday. The company’s fifty day moving average price is $74.72 and its 200 day moving average price is $87.96. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $145.00. The company has a market capitalization of $5.81 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating 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%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $3.65 earnings per share. On average, equities analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.