SG Americas Securities LLC Grows Stock Position in Five Below, Inc. (NASDAQ:FIVE)

SG Americas Securities LLC lifted its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 913.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,488 shares of the specialty retailer's stock after acquiring an additional 13,960 shares during the quarter. SG Americas Securities LLC's holdings in Five Below were worth $1,160,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Pallas Capital Advisors LLC acquired a new stake in shares of Five Below during the first quarter worth about $306,000. UMB Bank n.a. grew its holdings 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 buying an additional 206 shares in the last quarter. Chemistry Wealth Management LLC boosted its stake in Five Below by 26.1% during the first quarter. Chemistry Wealth Management LLC now owns 5,672 shares of the specialty retailer's stock worth $425,000 after buying an additional 1,174 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Five Below during the 1st quarter worth approximately $514,000. Finally, Rhumbline Advisers lifted its position in Five Below by 0.5% in the first quarter. Rhumbline Advisers now owns 158,663 shares of the specialty retailer's stock valued at $11,888,000 after buying an additional 864 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on FIVE shares. DA Davidson decreased their price target on Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. increased their target price on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Evercore ISI lifted their target price on Five Below from $98.00 to $115.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Loop Capital increased their price target on shares of Five Below from $90.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, June 6th. Finally, Telsey Advisory Group raised their price target on shares of Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $112.40.

Five Below Stock Down 0.5%

NASDAQ:FIVE traded down $0.66 during mid-day trading on Wednesday, reaching $123.18. 1,077,431 shares of the stock were exchanged, compared to its average volume of 2,068,301. The stock has a market capitalization of $6.78 billion, a P/E ratio of 25.82 and a beta of 1.02. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $137.30. The company has a 50 day simple moving average of $96.15 and a 200-day simple moving average of $92.58.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $970.53 million during the quarter, compared to analysts' expectations of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. Five Below's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. As a group, research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Transactions at Five Below

In other Five Below news, insider George Hill sold 4,500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the transaction, the insider now directly owns 44,130 shares in the company, valued at approximately $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

About Five Below

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.