Lecap Asset Management Ltd. Purchases 7,554 Shares of Five Below, Inc. (NASDAQ:FIVE)

Lecap Asset Management Ltd. boosted its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 35.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,838 shares of the specialty retailer's stock after purchasing an additional 7,554 shares during the quarter. Lecap Asset Management Ltd. owned about 0.05% of Five Below worth $2,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of FIVE. Oppenheimer Asset Management Inc. raised its position in shares of Five Below by 7.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 66,068 shares of the specialty retailer's stock worth $4,950,000 after buying an additional 4,861 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Five Below by 17.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,544 shares of the specialty retailer's stock valued at $266,000 after acquiring an additional 521 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Five Below by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock valued at $482,000 after acquiring an additional 165 shares during the last quarter. Wolf Group Capital Advisors purchased a new position in shares of Five Below during the first quarter worth about $1,172,000. Finally, Byrne Asset Management LLC bought a new position in shares of Five Below in the first quarter worth approximately $29,000.

Analyst Ratings Changes

Several brokerages have issued reports on FIVE. Morgan Stanley lifted their target price on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Telsey Advisory Group upped their target price on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 4th. Barclays lowered their price target on Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group increased their price objective on Five Below from $107.00 to $122.00 and gave the company a "buy" 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. According to data from MarketBeat.com, Five Below currently has a consensus rating of "Hold" and an average price target of $112.65.

Five Below Stock Down 0.1%

FIVE stock opened at $124.28 on Wednesday. The business has a 50 day moving average of $102.29 and a 200 day moving average of $93.15. The firm has a market cap of $6.84 billion, a PE ratio of 26.05 and a beta of 1.02. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $137.30.

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

Insider Activity at Five Below

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the business'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 transaction, the insider now owns 25,890 shares of the company's stock, valued at approximately $3,240,651.30. The trade was a 6.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the sale, the insider now owns 44,130 shares of the company's stock, valued at $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

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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