Neo Ivy Capital Management Acquires Shares of 13,836 Five Below, Inc. (NASDAQ:FIVE)

Neo Ivy Capital Management acquired a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,836 shares of the specialty retailer's stock, valued at approximately $1,452,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Five Below during the fourth quarter worth about $8,489,000. Schonfeld Strategic Advisors LLC raised its position in Five Below by 7,542.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock valued at $30,160,000 after buying an additional 283,591 shares during the last quarter. Prudential Financial Inc. raised its position in Five Below by 236.1% in the 4th 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 last quarter. KBC Group NV raised its position in Five Below by 30.4% in the 4th quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock valued at $223,000 after buying an additional 496 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Five Below in the 4th quarter valued at approximately $31,000.

Five Below Trading Up 1.4%

FIVE stock traded up $1.65 during mid-day trading on Thursday, reaching $115.41. The company's stock had a trading volume of 769,036 shares, compared to its average volume of 2,084,525. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The business's 50 day moving average price is $81.12 and its 200 day moving average price is $89.10. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $141.70.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping analysts' consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion for 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%. Five Below's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.65 earnings per share. As a group, equities analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Activity at Five Below

In other Five Below 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 value of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIVE. UBS Group dropped their target price on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Barclays decreased their target price on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group raised their target price on shares of Five Below from $94.00 to $107.00 and gave the company a "buy" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. raised their target price on shares of Five Below from $57.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $99.15.

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.