Five Below, Inc. $FIVE Holdings Boosted by CenterStar Asset Management LLC

Key Points

• CenterStar Asset Management boosted its stake in Five Below by 963.2% in Q4 to 5,316 shares, a holding worth about $1.00 million and representing 0.3% of CenterStar’s portfolio (its 14th largest position).
• Five Below posted a quarter that beat estimates (EPS $4.31 vs. $4.00, revenue $1.73B, up 24.3% YoY), and analysts have been raising targets—driving an average price target near $240 and several firms to higher targets around $260.
• Insiders sold material positions in March—COO Kenneth R. Bull and director Ronald Sargent each sold 10,000 shares—leaving insiders with about 1.90% ownership of the company.

CenterStar Asset Management LLC raised its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 963.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,316 shares of the specialty retailer's stock after purchasing an additional 4,816 shares during the quarter. Five Below accounts for 0.3% of CenterStar Asset Management LLC's investment portfolio, making the stock its 14th biggest holding. CenterStar Asset Management LLC's holdings in Five Below were worth $1,002,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Eastern Bank grew its holdings in shares of 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 buying an additional 141 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Five Below in the 4th quarter worth about $35,000. Spire Wealth Management purchased a new stake in Five Below in the 4th quarter worth about $38,000. Advisory Services Network LLC acquired a new stake in Five Below during the 3rd quarter worth about $32,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Five Below by 182.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 146 shares during the period.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $236.26 on Friday. The business has a 50 day simple moving average of $221.10 and a 200 day simple moving average of $189.35. Five Below, Inc. has a 52 week low of $64.98 and a 52 week high of $238.40. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.69 and a beta of 1.07.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.31. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $3.48 earnings per share. On average, analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

FIVE has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Five Below from $220.00 to $260.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Barclays raised their price target on shares of Five Below from $193.00 to $211.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Five Below in a research report on Thursday, January 22nd. Truist Financial upped their price objective on shares of Five Below from $236.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Finally, Craig Hallum reiterated a "buy" rating and issued a $246.00 target price on shares of Five Below in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Five Below presently has an average rating of "Moderate Buy" and an average price target of $240.10.

Insiders Place Their Bets

In related news, COO Kenneth R. Bull sold 10,000 shares of Five Below stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.14, for a total value of $2,341,400.00. Following the completion of the sale, the chief operating officer owned 92,531 shares of the company's stock, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the director owned 83,674 shares of the company's stock, valued at $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by company insiders.

Five Below Profile

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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