Panoramic Capital LLC Takes $5.61 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Panoramic Capital LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,436 shares of the specialty retailer’s stock, valued at approximately $5,609,000. Five Below makes up 3.0% of Panoramic Capital LLC’s holdings, making the stock its 6th largest position. Panoramic Capital LLC owned 0.10% of Five Below at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Five Below in the 4th quarter valued at $8,489,000. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Five Below by 7,542.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer’s stock valued at $30,160,000 after buying an additional 283,591 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Five Below by 691.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer’s stock valued at $2,655,000 after buying an additional 22,102 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Five Below by 236.1% in the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock valued at $1,201,000 after buying an additional 8,035 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Five Below by 30.4% in the 4th quarter. KBC Group NV now owns 2,126 shares of the specialty retailer’s stock valued at $223,000 after buying an additional 496 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. DA Davidson decreased their price target on shares of Five Below from $50.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Telsey Advisory Group raised their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a “market perform” rating in a research note on Friday, May 2nd. Guggenheim reduced their target price on shares of Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Barclays reduced their target price on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $97.25.

Five Below Stock Performance

FIVE opened at $101.69 on Wednesday. The company’s 50 day simple moving average is $73.72 and its 200 day simple moving average is $87.74. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $145.00. The stock has a market capitalization of $5.60 billion, a PE ratio of 20.97, a P/E/G ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company posted $3.65 earnings per share. Five Below’s revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction on Monday, March 24th. The shares were 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 of the company’s stock, valued at $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.