Candlestick Capital Management LP Makes New $33.16 Million Investment in Five Below, Inc. (NASDAQ:FIVE)

Candlestick Capital Management LP purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 315,956 shares of the specialty retailer's stock, valued at approximately $33,163,000. Candlestick Capital Management LP owned approximately 0.57% of Five Below as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Gradient Investments LLC increased its holdings in shares of Five Below by 0.7% during the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock valued at $1,666,000 after acquiring an additional 111 shares during the last quarter. Bank of Montreal Can grew its holdings in Five Below by 1.0% in the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock valued at $1,278,000 after buying an additional 123 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Five Below by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock valued at $2,509,000 after buying an additional 150 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Five Below by 13.1% in 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. Finally, Cornerstone Investment Partners LLC grew its holdings in Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after buying an additional 162 shares during the last quarter.

Five Below Stock Down 0.7 %

FIVE traded down $0.53 during trading on Thursday, hitting $75.36. The company's stock had a trading volume of 2,076,069 shares, compared to its average volume of 1,997,811. The firm's 50 day moving average price is $73.41 and its two-hundred day moving average price is $87.95. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $147.64. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data 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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $3.65 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the company's 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 transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of research analyst reports. Loop Capital lowered their target price on Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. Mizuho lowered their target price on Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Telsey Advisory Group lowered their target price on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a report on Tuesday, March 18th. Guggenheim reduced their price objective on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Five Below in a research report on Thursday, March 20th. 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 data from MarketBeat.com, Five Below currently has a consensus rating of "Hold" and an average price target of $94.30.

About Five Below

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.