AQR Capital Management LLC Takes $15.16 Million Position in Five Below, Inc. (NASDAQ:FIVE)

AQR Capital Management LLC purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 144,549 shares of the specialty retailer's stock, valued at approximately $15,160,000. AQR Capital Management LLC owned about 0.26% of Five Below at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 204 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after buying an additional 253 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Five Below in the 3rd quarter valued at about $42,000. EverSource Wealth Advisors LLC raised its stake in Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after buying an additional 558 shares during the period. Finally, R Squared Ltd bought a new position in Five Below in the fourth quarter worth approximately $68,000.

Insider Activity

In related news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FIVE. Evercore ISI lowered their target price on Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Barclays reduced their price objective on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. Morgan Stanley restated an "equal weight" rating on shares of Five Below in a report on Thursday, March 20th. DA Davidson cut their price target on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price objective on Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a report on Friday, March 21st. One equities 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $97.25.

Five Below Stock Performance

NASDAQ FIVE traded down $0.75 on Friday, hitting $85.25. 1,553,685 shares of the stock traded hands, compared to its average volume of 2,036,578. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.19 and a beta of 0.87. The business's fifty day moving average is $73.04 and its two-hundred day moving average is $87.55. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $145.00.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.65 EPS. Analysts expect 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.