Chicago Partners Investment Group LLC Makes New $218,000 Investment in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• Chicago Partners Investment Group LLC has acquired 2,657 shares of Five Below, valued at approximately $218,000, marking a new investment in the retailer.
• Five Below reported a quarterly EPS of $0.86, surpassing analyst expectations by $0.03, with revenue increasing by 19.5% year-over-year.
• Recent price target upgrades by analysts, including Wells Fargo raising its target from $115 to $140, suggest a positive outlook for Five Below's stock.

Chicago Partners Investment Group LLC purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,657 shares of the specialty retailer's stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Montreal Can boosted its holdings in Five Below by 1.0% in the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock valued at $1,278,000 after purchasing an additional 123 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Five Below by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock valued at $2,509,000 after purchasing an additional 150 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Five Below by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock valued at $501,000 after acquiring an additional 155 shares during the period. Sterling Capital Management LLC raised its stake in shares of Five Below by 13.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock valued at $143,000 after acquiring an additional 158 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Five Below by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock valued at $482,000 after acquiring an additional 165 shares during the period.

Insider Buying and Selling

In related news, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction on Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the sale, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. This trade represents a 6.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George Hill sold 1,500 shares of Five Below stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $140.00, for a total transaction of $210,000.00. Following the sale, the insider owned 42,672 shares in the company, valued at $5,974,080. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,200 shares of company stock worth $1,740,209 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $3.94 during trading hours on Thursday, reaching $134.36. The stock had a trading volume of 1,005,979 shares, compared to its average volume of 1,082,681. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $143.88. The firm's 50 day moving average is $131.99 and its 200-day moving average is $101.58. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 28.17 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of Five Below from $129.00 to $132.00 and gave the company an "in-line" rating in a research note on Tuesday. Morgan Stanley boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Five Below from $105.00 to $154.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Bank of America upped their target price on shares of Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a research note on Thursday, June 5th. Finally, Truist Financial reaffirmed a "hold" rating on shares of Five Below in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $121.47.

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.