Aigen Investment Management LP bought a new position in Five Below, Inc. (NASDAQ:FIVE – Get Rating) in the 4th quarter, HoldingsChannel reports. The fund bought 1,474 shares of the specialty retailer’s stock, valued at approximately $261,000.
Several other large investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its position in Five Below by 63.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,661,903 shares of the specialty retailer’s stock worth $228,795,000 after buying an additional 644,271 shares during the last quarter. Armistice Capital LLC acquired a new stake in Five Below in the 3rd quarter worth approximately $76,163,000. Wasatch Advisors Inc. boosted its position in Five Below by 21.4% during the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after purchasing an additional 471,349 shares during the period. Artisan Partners Limited Partnership grew its holdings in Five Below by 26.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,025,362 shares of the specialty retailer’s stock valued at $181,356,000 after purchasing an additional 215,183 shares during the last quarter. Finally, Mane Global Capital Management LP bought a new position in shares of Five Below in the third quarter valued at approximately $28,851,000.
Wall Street Analysts Forecast Growth
FIVE has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on Five Below from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, March 17th. Roth Mkm upgraded shares of Five Below from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $240.00 in a research note on Monday, February 13th. Truist Financial raised their price target on shares of Five Below from $217.00 to $224.00 in a research report on Thursday, March 16th. Guggenheim upped their price objective on shares of Five Below from $210.00 to $220.00 in a research report on Thursday, March 16th. Finally, Loop Capital lifted their target price on Five Below from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, March 24th. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.22.
Five Below Stock Down 3.6 %
Five Below (NASDAQ:FIVE – Get Rating) last issued its quarterly earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, meeting analysts’ consensus estimates of $3.07. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Five Below had a return on equity of 21.69% and a net margin of 8.50%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.49 earnings per share. Equities analysts anticipate that Five Below, Inc. will post 5.6 EPS for the current fiscal year.
Insider Transactions at Five Below
In related news, insider George Hill sold 2,568 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $200.34, for a total value of $514,473.12. Following the completion of the transaction, the insider now owns 24,398 shares of the company’s stock, valued at $4,887,895.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider George Hill sold 2,568 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $200.34, for a total transaction of $514,473.12. Following the transaction, the insider now directly owns 24,398 shares in the company, valued at $4,887,895.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald Sargent sold 200 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $209.00, for a total transaction of $41,800.00. Following the transaction, the director now owns 15,030 shares in the company, valued at $3,141,270. The disclosure for this sale can be found here. Insiders sold 32,538 shares of company stock valued at $6,879,774 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.
- Get a free copy of the StockNews.com research report on Five Below (FIVE)
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