Burns Matteson Capital Management LLC Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Burns Matteson Capital Management LLC purchased a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,999 shares of the specialty retailer's stock, valued at approximately $300,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Byrne Asset Management LLC bought a new stake in Five Below during the 1st quarter worth approximately $29,000. Proficio Capital Partners LLC bought a new stake in Five Below during the 4th quarter worth approximately $31,000. Bessemer Group Inc. increased its holdings in Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 353 shares during the period. UMB Bank n.a. increased its holdings in Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 206 shares during the period. Finally, Coppell Advisory Solutions LLC increased its holdings in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after acquiring an additional 253 shares during the period.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. DA Davidson cut their price target on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley boosted their price target on shares of Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Evercore ISI boosted their price target on shares of Five Below from $115.00 to $120.00 and gave the stock an "in-line" rating in a research note on Tuesday, June 24th. Finally, UBS Group boosted their price target on shares of Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $113.30.

Insiders Place Their Bets

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the transaction, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $719,235.00. Following the completion of the transaction, the chief accounting officer owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,700 shares of company stock worth $1,530,209 over the last three months. 1.90% of the stock is currently owned by company insiders.

Five Below Trading Up 3.3%

Shares of NASDAQ FIVE opened at $136.44 on Thursday. The firm has a 50 day moving average of $120.33 and a 200 day moving average of $95.86. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 28.60 and a beta of 1.04. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $137.30.

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

About Five Below

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.

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