Bayesian Capital Management LP Invests $327,000 in Five Below, Inc. (NASDAQ:FIVE)

Bayesian Capital Management LP acquired a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,115 shares of the specialty retailer's stock, valued at approximately $327,000.

Several other large investors have also modified their holdings of the business. Benjamin Edwards Inc. bought a new position in Five Below in the 4th quarter valued at $234,000. Algert Global LLC grew its holdings in shares of Five Below by 8.4% in the fourth quarter. Algert Global LLC now owns 28,010 shares of the specialty retailer's stock worth $2,940,000 after purchasing an additional 2,180 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Five Below in the 4th quarter worth about $6,665,000. Comerica Bank boosted its position in Five Below by 49.6% in the 4th quarter. Comerica Bank now owns 32,882 shares of the specialty retailer's stock valued at $3,451,000 after buying an additional 10,896 shares during the period. Finally, PDT Partners LLC purchased a new position in shares of Five Below during the fourth quarter worth approximately $315,000.

Insider Activity at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

FIVE has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of Five Below in a report on Thursday, March 20th. Loop Capital raised their price objective on Five Below from $85.00 to $90.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. Mizuho dropped their price objective on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Five Below currently has a consensus rating of "Hold" and an average price target of $97.25.

Five Below Price Performance

Shares of NASDAQ FIVE traded down $0.75 during mid-day trading on Friday, hitting $85.25. The company had a trading volume of 1,553,685 shares, compared to its average volume of 2,040,494. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $145.00. The company has a market capitalization of $4.69 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The business's 50-day simple moving average is $73.04 and its 200 day simple moving average is $87.54.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. Five Below's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $3.65 earnings per share. On average, analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Five Below 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.