Arrowpoint Investment Partners Singapore Pte. Ltd. Takes $277,000 Position 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. bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,700 shares of the specialty retailer's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Nuveen LLC acquired a new stake in shares of Five Below in the first quarter valued at approximately $17,581,000. Entropy Technologies LP acquired a new stake in shares of Five Below in the first quarter valued at approximately $240,000. Invesco Ltd. grew its position in shares of Five Below by 6.6% in the first quarter. Invesco Ltd. now owns 88,827 shares of the specialty retailer's stock valued at $6,655,000 after purchasing an additional 5,495 shares during the last quarter. National Bank of Canada FI grew its position in shares of Five Below by 1.9% in the first quarter. National Bank of Canada FI now owns 56,362 shares of the specialty retailer's stock valued at $4,221,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in shares of Five Below by 230.8% in the first quarter. Headlands Technologies LLC now owns 30,210 shares of the specialty retailer's stock valued at $2,263,000 after purchasing an additional 21,078 shares during the last quarter.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,500 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the transaction, the chief accounting officer directly owned 55,854 shares of the company's stock, valued at $7,304,027.58. This trade represents a 8.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George Hill sold 4,500 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total transaction of $598,185.00. Following the transaction, the insider directly owned 44,130 shares of the company's stock, valued at approximately $5,866,200.90. This represents a 9.25% 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 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Five Below Price Performance

Five Below stock traded up $0.67 during midday trading on Friday, hitting $135.03. 742,955 shares of the stock were exchanged, compared to its average volume of 1,039,716. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $143.88. The firm has a market cap of $7.43 billion, a P/E ratio of 28.31 and a beta of 1.06. The company has a 50 day moving average price of $132.14 and a two-hundred day moving average price of $101.90.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. As a group, analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIVE shares. Mizuho upped their price objective on shares of Five Below from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Morgan Stanley upped their price objective on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Bank of America upped their price objective on shares of Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. Telsey Advisory Group upped their price objective on shares of Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. Finally, UBS Group upped their price objective on shares of Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Five Below has an average rating of "Hold" and an average price target of $121.47.

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.