Horizon Investments LLC Has $5.50 Million Position in Five Below, Inc. $FIVE

Horizon Investments LLC lifted its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,198 shares of the specialty retailer’s stock after buying an additional 6,027 shares during the period. Horizon Investments LLC’s holdings in Five Below were worth $5,500,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FIVE. Eastern Bank boosted its position in Five Below by 705.0% during the third quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 141 shares during the last quarter. Advisory Services Network LLC acquired a new position in Five Below during the third quarter valued at approximately $32,000. V Square Quantitative Management LLC acquired a new position in Five Below during the fourth quarter valued at approximately $35,000. CI Investments Inc. boosted its position in Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 74 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in Five Below during the fourth quarter valued at approximately $38,000.

Insiders Place Their Bets

In other Five Below news, Director Ronald Sargent sold 10,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the transaction, the director owned 83,674 shares in the company, valued at $19,352,122.72. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the transaction, the chief operating officer owned 92,531 shares in the company, valued at approximately $21,665,208.34. This trade represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by company insiders.

Five Below Price Performance

Five Below stock opened at $230.52 on Monday. The stock’s fifty day moving average price is $226.10 and its two-hundred day moving average price is $195.01. Five Below, Inc. has a one year low of $79.48 and a one year high of $251.63. The firm has a market cap of $12.73 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company earned $3.48 EPS. The company’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts expect that Five Below, Inc. will post 8.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on FIVE shares. Mizuho increased their price target on Five Below from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Citigroup increased their price target on Five Below from $200.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Five Below in a research report on Thursday, January 22nd. Guggenheim raised their price objective on Five Below from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Bank of America increased their target price on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $240.10.

Five Below Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.