Boothbay Fund Management LLC Acquires 22,963 Shares of Five Below, Inc. $FIVE

Key Points

• Boothbay Fund Management LLC increased its stake in Five Below by 19.8%, purchasing 22,963 shares to hold 139,044 shares (about 0.25% of the company) valued at approximately $21.51 million, making it the firm’s 23rd largest position.
• Analysts have a consensus rating of "Moderate Buy" with a $205.75 average target price, and Bank of America recently upgraded Five Below to a "buy" with a $233 target.
• Insider selling has occurred recently: the CAO sold 8,500 shares and the COO sold 1,925 shares in January, with insiders selling 17,725 shares (~$3.54 million) over the last 90 days and now owning 1.90% of the stock.

Boothbay Fund Management LLC lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,044 shares of the specialty retailer's stock after purchasing an additional 22,963 shares during the quarter. Five Below accounts for approximately 0.3% of Boothbay Fund Management LLC's portfolio, making the stock its 23rd largest position. Boothbay Fund Management LLC owned about 0.25% of Five Below worth $21,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FIVE. CI Investments Inc. lifted its position in Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer's stock valued at $37,000 after purchasing an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Five Below by 9.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 830 shares of the specialty retailer's stock worth $128,000 after buying an additional 75 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Five Below by 4.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,858 shares of the specialty retailer's stock valued at $287,000 after buying an additional 80 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Five Below by 17.5% during the 3rd quarter. Parallel Advisors LLC now owns 625 shares of the specialty retailer's stock valued at $97,000 after buying an additional 93 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of Five Below by 22.6% during the 3rd quarter. Clearstead Advisors LLC now owns 516 shares of the specialty retailer's stock worth $80,000 after acquiring an additional 95 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America upgraded shares of Five Below from an "underperform" rating to a "buy" rating and set a $233.00 target price for the company in a research report on Wednesday, February 4th. Wall Street Zen lowered Five Below from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Loop Capital reiterated a "buy" rating and issued a $200.00 price objective on shares of Five Below in a report on Wednesday, December 17th. Barclays increased their price objective on Five Below from $193.00 to $211.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 10th. Finally, Evercore raised their price objective on Five Below from $180.00 to $185.00 and gave the company an "in-line" rating in a report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $205.75.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total value of $1,709,775.00. Following the completion of the sale, the chief accounting officer owned 45,724 shares in the company, valued at approximately $9,197,382.60. The trade was a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kenneth R. Bull sold 1,925 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $202.29, for a total value of $389,408.25. Following the sale, the chief operating officer directly owned 99,115 shares of the company's stock, valued at approximately $20,049,973.35. This trade represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,725 shares of company stock worth $3,536,020. 1.90% of the stock is currently owned by insiders.

Five Below Price Performance

Shares of FIVE stock opened at $210.36 on Friday. The business has a 50-day moving average of $205.62 and a 200 day moving average of $176.02. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $229.33. The stock has a market capitalization of $11.60 billion, a PE ratio of 37.77, a P/E/G ratio of 1.61 and a beta of 1.10.

Five Below Company Profile

Five Below, Inc NASDAQ: FIVE is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

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