Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• Arrowpoint Investment Partners acquired 3,700 shares of Five Below, valued at approximately $277,000, indicating growing institutional interest in the specialty retailer.
• Five Below reported a quarterly earnings per share (EPS) of $0.86, surpassing analysts' expectations and showing a 19.5% year-over-year revenue increase.
• Analysts have raised their price targets for Five Below, with Goldman Sachs setting a new target at $135.00 and JPMorgan at $154.00, reflecting positive sentiment around the company's performance.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,700 shares of the specialty retailer's stock, valued at approximately $277,000.

Several other institutional investors have also recently bought and sold shares of FIVE. Federated Hermes Inc. raised its position in Five Below by 36.8% in the 4th quarter. Federated Hermes Inc. now owns 5,620 shares of the specialty retailer's stock valued at $590,000 after purchasing an additional 1,511 shares during the last quarter. Cerity Partners LLC raised its position in Five Below by 36.4% in the 4th quarter. Cerity Partners LLC now owns 21,349 shares of the specialty retailer's stock valued at $2,204,000 after purchasing an additional 5,698 shares during the last quarter. Bank of Montreal Can raised its position 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 during the last quarter. Raymond James Financial Inc. bought a new position in Five Below in the 4th quarter valued at $8,489,000. Finally, Treasurer of the State of North Carolina raised its position 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 during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. UBS Group boosted their target price on Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Morgan Stanley boosted their target price on Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Evercore ISI lifted their price objective on Five Below from $129.00 to $132.00 and gave the stock an "in-line" rating in a research note on Tuesday. Finally, Bank of America lifted their price objective on Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $121.47.

Five Below Stock Down 2.8%

Shares of NASDAQ:FIVE traded down $3.94 during mid-day trading on Thursday, reaching $134.36. 1,005,979 shares of the stock were exchanged, compared to its average volume of 1,082,681. The company has a market cap of $7.40 billion, a P/E ratio of 28.17 and a beta of 1.06. Five Below, Inc. has a one year low of $52.38 and a one year high of $143.88. The stock's 50 day simple moving average is $131.99 and its 200-day simple moving average is $101.58.

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

Insider Activity

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total value 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. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider George Hill sold 1,500 shares of the firm's stock in a transaction that occurred on 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 directly owned 42,672 shares of the company's stock, valued at approximately $5,974,080. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock valued at $1,740,209 over the last three months. Insiders own 1.90% of the company's stock.

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.