Voloridge Investment Management LLC Buys 102,083 Shares of Five Below, Inc. (NASDAQ:FIVE)

Voloridge Investment Management LLC grew its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1,345.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,670 shares of the specialty retailer's stock after purchasing an additional 102,083 shares during the period. Voloridge Investment Management LLC owned approximately 0.20% of Five Below worth $11,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Five Below in the 4th quarter worth about $31,000. UMB Bank n.a. boosted its holdings in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 204 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 253 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 558 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Five Below in the fourth quarter valued at approximately $68,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Mizuho decreased their price objective on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Truist Financial raised their target price on shares of Five Below from $65.00 to $81.00 and gave the stock a "hold" rating in a report on Monday, May 5th. Loop Capital raised their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a "hold" rating in a report on Monday, May 5th. Barclays reduced their target price on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. Finally, Citigroup raised their target price on shares of Five Below from $80.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Five Below has a consensus rating of "Hold" and a consensus target price of $99.15.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company's stock, valued at $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Five Below Stock Down 1.8%

NASDAQ FIVE traded down $2.12 during midday trading on Friday, hitting $114.55. The company had a trading volume of 409,466 shares, compared to its average volume of 2,086,136. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.19 and a beta of 0.87. The firm has a fifty day simple moving average of $81.87 and a two-hundred day simple moving average of $89.33. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $141.70.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $3.65 EPS. The business's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.