MGO One Seven LLC Acquires New Position in Five Below, Inc. (NASDAQ:FIVE)

MGO One Seven LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,053 shares of the specialty retailer’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIVE. Wilmington Savings Fund Society FSB acquired a new position in Five Below during the 3rd quarter valued at approximately $42,000. Retirement Systems of Alabama boosted its holdings in shares of Five Below by 47.2% during the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock valued at $13,371,000 after acquiring an additional 48,524 shares during the period. GAMMA Investing LLC grew its position in shares of Five Below by 149.1% during the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 814 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Five Below in the 4th quarter valued at about $249,000. Finally, Oak Thistle LLC boosted its stake in Five Below by 3.0% during the 4th quarter. Oak Thistle LLC now owns 15,910 shares of the specialty retailer’s stock valued at $1,670,000 after purchasing an additional 470 shares during the period.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FIVE shares. DA Davidson cut their price target on Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Telsey Advisory Group reduced their price target 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. JPMorgan Chase & Co. raised Five Below from an “underweight” rating to a “neutral” rating and set a $57.00 price target on the stock in a report on Monday, April 7th. Evercore ISI reduced their price objective on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.30.

Five Below Stock Performance

NASDAQ FIVE opened at $77.67 on Wednesday. The firm’s 50 day moving average price is $73.85 and its two-hundred day moving average price is $88.14. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $147.69. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.19 and a beta of 1.01.

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, topping 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm earned $3.65 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

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.