Bayforest Capital Ltd Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• Bayforest Capital Ltd has acquired a new position in Five Below, Inc. (NASDAQ:FIVE) by purchasing 14,198 shares valued at approximately $1,064,000.
• Insiders have been selling shares of Five Below, with CAO Eric M. Specter selling 5,500 shares and insider George Hill selling 4,500 shares recently, marking significant decreases in their respective ownerships.
• Five Below reported earnings of $0.86 per share for the last quarter, surpassing analysts' expectations and showing a 19.5% year-over-year revenue increase.

Bayforest Capital Ltd purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,198 shares of the specialty retailer's stock, valued at approximately $1,064,000. Five Below accounts for approximately 0.5% of Bayforest Capital Ltd's investment portfolio, making the stock its 22nd biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can lifted 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 purchasing an additional 123 shares in the last quarter. Treasurer of the State of North Carolina lifted 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 purchasing an additional 150 shares in the last quarter. Sterling Capital Management LLC lifted 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 purchasing an additional 158 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Five Below by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock valued at $482,000 after purchasing an additional 165 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Five Below by 7.2% in the 4th quarter. ProShare Advisors LLC now owns 2,573 shares of the specialty retailer's stock valued at $270,000 after purchasing an additional 173 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIVE shares. Evercore ISI upped their target price on shares of Five Below from $115.00 to $120.00 and gave the company an "in-line" rating in a report on Tuesday, June 24th. UBS Group raised their target price on shares of Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Truist Financial raised their target price on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a research report on Monday, June 2nd. Wells Fargo & Company raised their target price on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Finally, Bank of America raised their target price on shares of Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $119.00.

Insider Buying and Selling

In related news, insider George Hill sold 1,500 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $140.00, for a total value of $210,000.00. Following the completion of the sale, the insider owned 42,672 shares of the company's stock, valued at $5,974,080. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the sale, the insider directly owned 25,890 shares of the company's stock, valued at $3,240,651.30. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Five Below Stock Performance

Shares of FIVE traded down $3.36 during midday trading on Friday, hitting $133.16. 1,246,624 shares of the stock traded hands, compared to its average volume of 1,117,564. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $143.88. The firm has a market capitalization of $7.33 billion, a PE ratio of 27.92 and a beta of 1.06. The business's 50 day moving average price is $128.83 and its two-hundred day moving average price is $98.99.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company had revenue of $970.53 million during the quarter, compared to the consensus estimate of $966.29 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal 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.