Entropy Technologies LP Invests $240,000 in Five Below, Inc. $FIVE

Key Points

• Entropy Technologies LP purchased 3,200 shares of Five Below, Inc. for around $240,000 during the first quarter, highlighting increased institutional investment in the specialty retailer.
• Insider trading activity included Amit Jhunjhunwala selling 1,700 shares and CAO Eric M. Specter selling 5,500 shares, with total sales reaching approximately $1.74 million in the last three months.
• Analysts have raised price targets for Five Below, with Loop Capital upgrading its rating from "hold" to "buy" and increasing the price target to $165.00, reflecting growing optimism among brokerages.

Entropy Technologies LP purchased a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 3,200 shares of the specialty retailer's stock, valued at approximately $240,000.

A number of other hedge funds have also modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in Five Below during the 1st quarter worth approximately $29,000. Coppell Advisory Solutions LLC raised 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 buying an additional 253 shares during the period. Bessemer Group Inc. raised 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 buying an additional 353 shares during the period. UMB Bank n.a. raised 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 buying an additional 206 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Five Below during the 4th quarter worth approximately $99,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. The Goldman Sachs Group lifted their price objective on shares of Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Mizuho boosted their target price on shares of Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Wells Fargo & Company boosted their target price on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Finally, Bank of America boosted their target price on shares of Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $121.47.

Five Below Stock Performance

Shares of FIVE stock traded up $6.03 on Monday, hitting $141.06. The company's stock had a trading volume of 736,971 shares, compared to its average volume of 1,948,983. The stock's 50 day moving average is $132.14 and its 200-day moving average is $101.94. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $143.88. The company has a market capitalization of $7.77 billion, a PE ratio of 29.57 and a beta of 1.06.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The business 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 company posted $0.60 earnings per share. Five Below's revenue was up 19.5% compared to the same quarter last year. On average, research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Buying and Selling

In related news, insider George Hill sold 1,500 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $140.00, for a total transaction of $210,000.00. Following the completion of the sale, the insider owned 42,672 shares of the company's stock, valued at $5,974,080. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction dated Monday, June 16th. The stock was 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 of the company's stock, valued at $3,240,651.30. This represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last quarter. 1.90% of the stock is owned by company insiders.

Five Below Company 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.