Bayforest Capital Ltd Makes New $1.06 Million Investment in Five Below, Inc. (NASDAQ:FIVE)

Bayforest Capital Ltd acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,198 shares of the specialty retailer’s stock, valued at approximately $1,064,000. Five Below accounts for 0.5% of Bayforest Capital Ltd’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in shares of Five Below during the first quarter worth $29,000. Bessemer Group Inc. raised its stake in Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 353 shares in the last quarter. UMB Bank n.a. raised its stake in Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 206 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 253 shares in the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new position in Five Below in the first quarter valued at about $92,000.

Insider Activity at Five Below

In other Five Below news, insider George Hill sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $140.00, for a total value of $210,000.00. Following the transaction, the insider directly owned 42,672 shares of the company’s stock, valued at approximately $5,974,080. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the transaction, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,200 shares of company stock worth $1,740,209 over the last ninety days. Insiders own 1.90% of the company’s stock.

Five Below Price Performance

Shares of FIVE stock opened at $139.41 on Wednesday. The business’s 50 day simple moving average is $127.18 and its 200 day simple moving average is $98.19. Five Below, Inc. has a one year low of $52.38 and a one year high of $143.88. The stock has a market capitalization of $7.68 billion, a PE ratio of 29.23 and a beta of 1.04.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The business had revenue of $970.53 million for the quarter, compared to analysts’ expectations of $966.29 million. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIVE. Morgan Stanley boosted their price target on Five Below from $110.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, June 5th. Mizuho boosted their price target on Five Below from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 3rd. Evercore ISI boosted their price target on Five Below from $115.00 to $120.00 and gave the company an “in-line” rating in a research note on Tuesday, June 24th. Citigroup boosted their price target on Five Below from $121.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lifted their target price on Five Below from $105.00 to $154.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $119.00.

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.