Cinctive Capital Management LP Trims Position in Five Below, Inc. $FIVE

Key Points

• Cinctive Capital Management LP has reduced its stake in Five Below, Inc. by 4.1%, now owning 82,969 shares worth approximately $6.22 million.
• Insider trading has been active, with Amit Jhunjhunwala and Eric M. Specter selling portions of their holdings, indicating a decrease in insider ownership.
• Wall Street analysts are optimistic about Five Below, with several firms increasing target prices and the stock receiving a mix of Buy and Hold ratings.

Cinctive Capital Management LP cut its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,969 shares of the specialty retailer's stock after selling 3,511 shares during the period. Cinctive Capital Management LP owned about 0.15% of Five Below worth $6,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Byrne Asset Management LLC purchased a new position in Five Below in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in Five Below by 1,097.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock valued at $34,000 after acquiring an additional 417 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 353 shares during the last quarter. UMB Bank n.a. increased its position in shares of Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of Five Below in the 1st quarter valued at about $92,000.

Five Below Trading Down 5.4%

Shares of FIVE traded down $8.17 during mid-day trading on Tuesday, hitting $143.14. The company's stock had a trading volume of 1,304,849 shares, compared to its average volume of 1,921,338. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $155.34. The firm has a market capitalization of $7.89 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.24 and a beta of 1.09. The firm has a 50-day simple moving average of $138.55 and a 200 day simple moving average of $108.06.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.Five Below's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FIVE shares. Loop Capital upgraded Five Below from a "hold" rating to a "buy" rating and raised their price target for the stock from $130.00 to $165.00 in a research note on Tuesday, August 12th. Telsey Advisory Group upgraded shares of Five Below from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $144.00 to $170.00 in a research report on Thursday, August 28th. Barclays set a $135.00 target price on shares of Five Below in a report on Thursday, August 28th. Citigroup increased their price target on shares of Five Below from $142.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Five Below from $143.00 to $162.00 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $143.56.

Insider Transactions at Five Below

In related news, CAO Eric M. Specter sold 5,500 shares of Five Below stock in a transaction 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ronald James Masciantonio sold 818 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $146.41, for a total value of $119,763.38. Following the completion of the transaction, the executive vice president owned 9,858 shares of the company's stock, valued at approximately $1,443,309.78. This represents a 7.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,518 shares of company stock valued at $1,261,787. Company insiders own 1.90% of the company's stock.

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.