Broad Bay Capital Management LP Has $29.42 Million Stake in Five Below, Inc. $FIVE

Key Points

• Broad Bay Capital Management LP increased its stake in Five Below by 25.9%, now owning 392,687 shares valued at approximately $29.4 million, making it the firm’s 9th largest position.
• Five Below reported $1.03 billion in revenue for the last quarter, significantly surpassing expectations of $988.91 million, with earnings per share of $0.81 against a forecast of $0.61.
• Analyst ratings for Five Below have improved, with Craig Hallum raising the price target from $164 to $180, alongside upgrades from other firms resulting in a consensus rating of "Hold" and a target of $141.33.

Broad Bay Capital Management LP boosted its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 25.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,687 shares of the specialty retailer's stock after buying an additional 80,895 shares during the period. Five Below makes up approximately 4.3% of Broad Bay Capital Management LP's portfolio, making the stock its 9th biggest position. Broad Bay Capital Management LP owned approximately 0.71% of Five Below worth $29,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trexquant Investment LP grew its holdings in shares of Five Below by 191.5% during the first quarter. Trexquant Investment LP now owns 447,744 shares of the specialty retailer's stock valued at $33,547,000 after buying an additional 294,147 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Five Below by 84.0% in the first quarter. BNP Paribas Financial Markets now owns 650,058 shares of the specialty retailer's stock valued at $48,706,000 after purchasing an additional 296,771 shares in the last quarter. Eisler Capital Management Ltd. purchased a new position in shares of Five Below during the first quarter valued at approximately $10,925,000. Ieq Capital LLC grew its holdings in Five Below by 158.9% during the first quarter. Ieq Capital LLC now owns 61,208 shares of the specialty retailer's stock worth $4,586,000 after buying an additional 37,562 shares in the last quarter. Finally, Jump Financial LLC raised its position in Five Below by 41.3% in the 1st quarter. Jump Financial LLC now owns 159,433 shares of the specialty retailer's stock valued at $11,946,000 after buying an additional 46,586 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on FIVE shares. Telsey Advisory Group upgraded shares of Five Below from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $144.00 to $170.00 in a research note on Thursday, August 28th. Evercore ISI increased their price objective on shares of Five Below from $132.00 to $134.00 and gave the company an "in-line" rating in a research note on Tuesday, August 26th. UBS Group boosted their target price on Five Below from $160.00 to $184.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. increased their price target on Five Below from $105.00 to $154.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Guggenheim boosted their price objective on Five Below from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $143.56.

Five Below Stock Up 0.4%

FIVE traded up $0.59 on Wednesday, hitting $150.36. The company's stock had a trading volume of 385,066 shares, compared to its average volume of 1,930,070. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $154.30. The firm has a market cap of $8.29 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 12.79 and a beta of 1.09. The company's 50 day simple moving average is $136.78 and its 200-day simple moving average is $106.21.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its earnings results 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. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $988.91 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. The business's quarterly revenue was up 23.7% on a year-over-year basis. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. Equities analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five Below news, EVP Ronald James Masciantonio sold 818 shares of Five Below stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $146.41, for a total transaction 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 $1,443,309.78. The trade was a 7.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the sale, the chief accounting officer owned 55,854 shares in the company, valued at approximately $7,304,027.58. This represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,018 shares of company stock worth $1,859,972 in the last 90 days. 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.