Los Angeles Capital Management LLC Invests $5.58 Million in Five Below, Inc. (NASDAQ:FIVE)

Los Angeles Capital Management LLC purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 74,515 shares of the specialty retailer's stock, valued at approximately $5,583,000. Los Angeles Capital Management LLC owned approximately 0.14% of Five Below at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in Five Below in the first quarter worth about $29,000. Proficio Capital Partners LLC acquired a new stake in Five Below in the fourth quarter worth about $31,000. Bessemer Group Inc. boosted its holdings in Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 353 shares in the last quarter. UMB Bank n.a. boosted its holdings in Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 206 shares in the last quarter. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 253 shares during the period.

Insider Transactions at Five Below

In other news, insider George Hill sold 1,500 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $140.00, for a total value of $210,000.00. Following the completion of the sale, the insider owned 42,672 shares of the company's stock, valued at $5,974,080. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the transaction, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. This represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last quarter. Company insiders own 1.90% of the company's stock.

Five Below Stock Performance

FIVE stock traded down $2.24 during midday trading on Thursday, hitting $137.14. 446,075 shares of the stock were exchanged, compared to its average volume of 2,065,883. The stock's 50-day moving average price is $123.99 and its 200-day moving average price is $96.87. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 28.71 and a beta of 1.04. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $142.13.

Five Below (NASDAQ:FIVE - Get Free Report) last released 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 company had revenue of $970.53 million during the quarter, compared to analysts' expectations of $966.29 million. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

FIVE has been the subject of a number of research reports. Telsey Advisory Group lifted their target price on Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on Five Below from $105.00 to $154.00 and gave the company a "neutral" rating in a research report on Monday. Citigroup lifted their price target on Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Loop Capital lifted their price target on Five Below from $90.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Finally, Mizuho lifted their price target on Five Below from $88.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $119.00.

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.