Broad Bay Capital Management LP Has $32.73 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Broad Bay Capital Management LP boosted its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 100.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,792 shares of the specialty retailer's stock after buying an additional 156,058 shares during the quarter. Five Below makes up 4.0% of Broad Bay Capital Management LP's holdings, making the stock its 6th biggest holding. Broad Bay Capital Management LP owned approximately 0.57% of Five Below worth $32,726,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Five Below during the fourth quarter worth about $8,489,000. Gateway Investment Advisers LLC grew its stake in Five Below by 691.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock worth $2,655,000 after purchasing an additional 22,102 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in Five Below by 7,542.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock worth $30,160,000 after purchasing an additional 283,591 shares in the last quarter. Prudential Financial Inc. lifted its stake in Five Below by 236.1% in the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock valued at $1,201,000 after buying an additional 8,035 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Five Below by 30.4% during the 4th quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock worth $223,000 after buying an additional 496 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FIVE. Bank of America dropped their target price on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research report on Thursday, March 20th. UBS Group lowered their price objective on shares of Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Guggenheim reduced their price objective on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. The Goldman Sachs Group lowered their target price 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. Finally, Loop Capital lifted their price target on Five Below from $85.00 to $90.00 and gave the company a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Five Below presently has a consensus rating of "Hold" and an average target price of $97.25.

Five Below Trading Up 1.4 %

Shares of NASDAQ FIVE traded up $1.17 during midday trading on Wednesday, hitting $82.20. The company's stock had a trading volume of 1,812,248 shares, compared to its average volume of 2,027,613. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.19 and a beta of 0.87. The stock has a fifty day moving average price of $72.95 and a 200 day moving average price of $87.62. Five Below, Inc. has a one year low of $52.38 and a one year high of $145.95.

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

Insider Activity

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below 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 completion of the sale, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

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.