Horizon Investments LLC Has $5.50 Million Position in Five Below, Inc. $FIVE

Key Points

• Horizon Investments LLC boosted its stake in Five Below by 26% in Q4, owning 29,198 shares worth approximately $5.5 million (about 0.05% of the company) after buying an additional 6,027 shares.
• Five Below beat earnings and revenue estimates (Q EPS $4.31 vs $4.00; revenue $1.73B, up 24.3% YoY), spurring multiple analyst price-target raises and a MarketBeat consensus rating of "Moderate Buy" with a $240.10 target.
• Insider sales were notable: COO Kenneth R. Bull sold 10,000 shares at about $234.14 and director Ronald Sargent sold 10,000 shares at about $231.28, leaving insiders with 1.90% ownership.

Horizon Investments LLC grew its holdings in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,198 shares of the specialty retailer's stock after purchasing an additional 6,027 shares during the quarter. Horizon Investments LLC owned about 0.05% of Five Below worth $5,500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eastern Bank boosted its stake in Five Below by 705.0% in the third quarter. Eastern Bank now owns 161 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 141 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Five Below during the third quarter valued at $32,000. V Square Quantitative Management LLC acquired a new position in shares of Five Below during the fourth quarter valued at $35,000. CI Investments Inc. lifted its stake in shares of Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 74 shares during the period. Finally, Spire Wealth Management acquired a new position in shares of Five Below during the fourth quarter valued at $38,000.

Five Below Price Performance

Shares of Five Below stock opened at $230.52 on Monday. Five Below, Inc. has a 1 year low of $79.48 and a 1 year high of $251.63. The business has a 50-day moving average of $226.10 and a two-hundred day moving average of $195.01. The company has a market capitalization of $12.73 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company earned $3.48 earnings per share. The company's revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities analysts anticipate that Five Below, Inc. will post 8.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on Five Below from $247.00 to $287.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Bank of America upped their price target on Five Below from $260.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Barclays upped their price target on Five Below from $193.00 to $211.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 10th. Mizuho upped their price target on Five Below from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen lowered Five Below from a "buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $240.10.

Insider Activity

In other news, COO Kenneth R. Bull sold 10,000 shares of the company's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the transaction, the chief operating officer directly owned 92,531 shares of the company's stock, valued at $21,665,208.34. This represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of the company's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the transaction, the director directly 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 owned by corporate insiders.

About Five Below

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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