Bayforest Capital Ltd Buys New Holdings in Five Below, Inc. $FIVE

Key Points

• Bayforest Capital Ltd acquired 14,198 shares of Five Below, Inc. for approximately $1,064,000, constituting 0.5% of its investment portfolio.
• Several hedge funds significantly increased their stakes in Five Below, with Federated Hermes increasing its holdings by over 26,340% during the first quarter.
• Five Below reported a 23.7% year-over-year revenue growth for the latest quarter, achieving earnings of $0.81 per share, surpassing the consensus estimate of $0.61.

Bayforest Capital Ltd acquired a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 27th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in FIVE. PNC Financial Services Group Inc. lifted its holdings in Five Below by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock worth $501,000 after purchasing an additional 155 shares during the period. State of Alaska Department of Revenue raised its position in Five Below by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock worth $482,000 after acquiring an additional 165 shares in the last quarter. ProShare Advisors LLC raised its position in Five Below by 7.2% in the fourth quarter. ProShare Advisors LLC now owns 2,573 shares of the specialty retailer's stock worth $270,000 after acquiring an additional 173 shares in the last quarter. Arkadios Wealth Advisors raised its position in Five Below by 4.1% in the first quarter. Arkadios Wealth Advisors now owns 5,249 shares of the specialty retailer's stock worth $393,000 after acquiring an additional 205 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 206 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP Ronald James Masciantonio sold 818 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $146.41, for a total transaction of $119,763.38. Following the completion of the transaction, the executive vice president directly owned 9,858 shares in the company, valued at $1,443,309.78. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the transaction, the chief accounting officer owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This trade represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,518 shares of company stock valued at $1,261,787 in the last three months. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on FIVE. UBS Group boosted their price target on shares of Five Below from $160.00 to $184.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Barclays set a $135.00 price target on shares of Five Below in a research report on Thursday, August 28th. Evercore ISI boosted their price target on shares of Five Below from $132.00 to $134.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 26th. Morgan Stanley boosted their price target on shares of Five Below from $135.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Finally, Craig Hallum boosted their price target on shares of Five Below from $164.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Five Below presently has an average rating of "Hold" and an average price target of $143.56.

Five Below Trading Down 4.0%

Five Below stock traded down $5.87 during trading hours on Friday, reaching $139.90. 1,477,526 shares of the company were exchanged, compared to its average volume of 1,911,782. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.13 and a beta of 1.09. The stock has a 50-day moving average of $139.30 and a 200 day moving average of $108.97. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $155.34.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.20. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $988.91 million. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The company's revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. As a group, research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current 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.