Picton Mahoney Asset Management Invests $3.78 Million in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• Picton Mahoney Asset Management acquired 50,494 shares of Five Below, Inc., valued at approximately $3.78 million, as per its 1st quarter SEC filing.
• Several institutional investors significantly increased their stakes in Five Below during the 4th quarter, with Steadfast Capital Management LP acquiring shares valued at around $123.6 million.
• Analyst ratings for Five Below show mixed reviews, with target prices ranging from $25.00 to $154.00 and a current consensus rating of "Hold" with a target price of $119.00.

Picton Mahoney Asset Management acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 50,494 shares of the specialty retailer's stock, valued at approximately $3,784,000. Picton Mahoney Asset Management owned approximately 0.09% of Five Below at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in shares of Five Below during the 1st quarter worth $29,000. Bessemer Group Inc. raised its stake in shares of Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 353 shares during the period. UMB Bank n.a. raised its stake in shares of Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares during the period. Coppell Advisory Solutions LLC increased its holdings in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after acquiring an additional 253 shares during the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in Five Below in the 1st quarter worth about $92,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FIVE. Evercore ISI lifted their price objective on Five Below from $115.00 to $120.00 and gave the stock an "in-line" rating in a report on Tuesday, June 24th. Citigroup lifted their price objective on Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. UBS Group lifted their price objective on Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Finally, Wells Fargo & Company lifted their price objective on Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Five Below has a consensus rating of "Hold" and a consensus price target of $119.00.

Five Below Trading Down 2.5%

Shares of FIVE stock traded down $3.36 during mid-day trading on Friday, reaching $133.16. The stock had a trading volume of 1,246,624 shares, compared to its average volume of 1,117,564. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $143.88. The firm has a market capitalization of $7.33 billion, a PE ratio of 27.92 and a beta of 1.06. The stock's 50-day moving average price is $128.83 and its two-hundred day moving average price is $98.99.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $970.53 million for 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 was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. On average, equities research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,500 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George Hill sold 1,500 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $140.00, for a total value of $210,000.00. Following the completion of the transaction, the insider directly owned 42,672 shares in the company, valued at approximately $5,974,080. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,200 shares of company stock valued at $1,740,209 over the last ninety days. Insiders own 1.90% of the company's stock.

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.