Headlands Technologies LLC Has $2.26 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• Headlands Technologies LLC increased its investment in Five Below, Inc. by 230.8% in Q1, now holding 30,210 shares valued at approximately $2.26 million.
• Five Below reported quarterly earnings of $0.86 per share, surpassing estimates, with a year-over-year revenue growth of 19.5% to $970.53 million.
• Analysts have revised price targets for Five Below, with UBS raising it from $110 to $160, reflecting a bullish sentiment despite a consensus rating of "Hold."

Headlands Technologies LLC increased its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 230.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,210 shares of the specialty retailer's stock after acquiring an additional 21,078 shares during the period. Headlands Technologies LLC owned about 0.05% of Five Below worth $2,263,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Federated Hermes Inc. raised its stake in Five Below by 26,340.9% in the first quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer's stock valued at $111,337,000 after buying an additional 1,480,361 shares during the period. Steadfast Capital Management LP bought a new position in shares of Five Below during the fourth quarter worth approximately $123,601,000. Marshall Wace LLP increased its stake in shares of Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the period. Man Group plc increased its stake in shares of Five Below by 399.5% during the fourth quarter. Man Group plc now owns 562,902 shares of the specialty retailer's stock worth $59,082,000 after purchasing an additional 450,215 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Five Below during the fourth quarter worth approximately $44,727,000.

Five Below Stock Down 0.2%

Shares of NASDAQ:FIVE opened at $135.53 on Thursday. The firm has a market cap of $7.46 billion, a P/E ratio of 28.41 and a beta of 1.06. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $143.88. The business has a fifty day simple moving average of $130.24 and a 200 day simple moving average of $99.89.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FIVE shares. Morgan Stanley increased their price target on Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. UBS Group increased their price target on Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Mizuho increased their price target on Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group increased their price target on Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Telsey Advisory Group increased their price target on Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Five Below has a consensus rating of "Hold" and a consensus target price of $119.00.

Insider Transactions at Five Below

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the sale, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. This trade represents a 6.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Eric M. Specter sold 5,500 shares of the firm'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 completion of the sale, the chief accounting officer owned 55,854 shares of the company's stock, 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. In the last ninety days, insiders sold 13,200 shares of company stock valued at $1,740,209. Corporate insiders own 1.90% of the company's stock.

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.

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