Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 86.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,320,212 shares of the specialty retailer’s stock after acquiring an additional 1,072,642 shares during the period. Marshall Wace LLP’s holdings in Five Below were worth $243,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its holdings in shares of Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after purchasing an additional 86,271 shares during the period. NFJ Investment Group LLC acquired a new position in shares of Five Below during the fourth quarter worth $5,647,000. Giverny Capital Inc. lifted its holdings in Five Below by 0.9% in the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer’s stock worth $76,842,000 after buying an additional 6,861 shares in the last quarter. Optimize Financial Inc acquired a new position in shares of Five Below in the fourth quarter worth about $673,000. Finally, Sterling Capital Management LLC boosted its stake in shares of Five Below by 13.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 158 shares during the last quarter.

Five Below Price Performance

Shares of FIVE opened at $62.67 on Wednesday. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $154.47. The stock has a market capitalization of $3.45 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.19 and a beta of 1.01. The firm’s 50 day moving average is $77.53 and its 200-day moving average is $89.50.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results 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 company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.65 earnings per share. As a group, equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Activity

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of research analyst reports. Loop Capital reduced their price objective on shares of Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. DA Davidson lowered their target price on Five Below from $50.00 to $25.00 and set a “neutral” rating for the company in a report on Monday. Truist Financial dropped their price target on shares of Five Below from $86.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Telsey Advisory Group reduced their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, March 18th. Finally, Mizuho lowered their target price on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $94.30.

Five Below Company 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.