Pallas Capital Advisors LLC Buys Shares of 4,086 Five Below, Inc. (NASDAQ:FIVE)

Pallas Capital Advisors LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,086 shares of the specialty retailer's stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC purchased a new position in Five Below in the 4th quarter worth about $31,000. UMB Bank n.a. lifted its position in Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 206 shares during the period. Coppell Advisory Solutions LLC lifted its position in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 253 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after purchasing an additional 558 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Five Below during the 4th quarter valued at $99,000.

Five Below Stock Up 3.6%

NASDAQ FIVE traded up $4.44 on Monday, reaching $126.27. The company had a trading volume of 465,617 shares, compared to its average volume of 2,252,396. The stock has a market capitalization of $6.95 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $137.30. The firm's 50 day moving average price is $93.51 and its 200 day moving average price is $92.12.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its 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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $970.53 million for the quarter, compared to analysts' expectations of $966.29 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. On average, research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of research reports. Evercore ISI upped their price objective on Five Below from $98.00 to $115.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Truist Financial increased their price objective on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a research note on Monday, June 2nd. Telsey Advisory Group upped their target price on shares of Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a report on Wednesday, June 4th. Morgan Stanley increased their price target on shares of Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Finally, Guggenheim cut their price objective on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $112.40.

Insider Transactions at Five Below

In other Five Below news, insider George Hill sold 4,500 shares of the company's 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 sale, the insider now directly owns 44,130 shares in the company, valued at $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Five Below Company 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.