Bullseye Asset Management LLC Has $5 Million Stock Position in Five Below, Inc. $FIVE

Key Points

• Bullseye Asset Management cut its stake in Five Below (FIVE) by 23.1% in Q4, selling 8,000 shares and retaining 26,565 shares valued at about $5.004 million, roughly 2.7% of its portfolio and its 11th-largest holding.
• Several analysts raised targets and ratings — including UBS, Bank of America, Guggenheim and Goldman Sachs — leaving the stock with a consensus Moderate Buy rating and an average price target of $240.10.
• Five Below beat quarterly estimates with EPS of $4.31 (vs. $4.00) and revenue of $1.73B (+24.3% YoY), while insiders COO Kenneth R. Bull and Director Ronald Sargent each sold 10,000 shares in March; insiders now own about 1.90% of the stock.

Bullseye Asset Management LLC reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,565 shares of the specialty retailer's stock after selling 8,000 shares during the period. Five Below makes up approximately 2.7% of Bullseye Asset Management LLC's investment portfolio, making the stock its 11th biggest position. Bullseye Asset Management LLC's holdings in Five Below were worth $5,004,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank raised its position in Five Below by 705.0% during the third quarter. Eastern Bank now owns 161 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Five Below during the fourth quarter valued at approximately $35,000. Spire Wealth Management acquired a new position in Five Below during the fourth quarter valued at approximately $38,000. Advisory Services Network LLC acquired a new position in Five Below during the third quarter valued at approximately $32,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Five Below by 182.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 146 shares in the last quarter.

Wall Street Analyst Weigh In

FIVE has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Five Below from $255.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. The Goldman Sachs Group boosted their price objective on shares of Five Below from $188.00 to $216.00 and gave the company a "buy" rating in a research report on Tuesday, January 13th. Guggenheim boosted their price objective on shares of Five Below from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Bank of America boosted their price objective on shares of Five Below from $260.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. Finally, Morgan Stanley boosted their price objective on shares of Five Below from $190.00 to $220.00 and gave the company an "equal weight" rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $240.10.

Insider Buying and Selling at Five Below

In other news, COO Kenneth R. Bull sold 10,000 shares of the company's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the transaction, the chief operating officer directly owned 92,531 shares in the company, valued at approximately $21,665,208.34. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Sargent sold 10,000 shares of the company's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the transaction, the director owned 83,674 shares of the company's stock, valued at $19,352,122.72. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by corporate insiders.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $234.01 on Monday. The company has a fifty day moving average of $224.46 and a 200-day moving average of $192.61. The company has a market capitalization of $12.93 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. Five Below, Inc. has a 52-week low of $73.88 and a 52-week high of $251.63.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The company's revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.48 earnings per share. On average, equities analysts forecast that Five Below, Inc. will post 8.14 EPS for the current fiscal year.

About Five Below

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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