Summit Trail Advisors LLC Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Summit Trail Advisors LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,293 shares of the specialty retailer's stock, valued at approximately $247,000.

Several other institutional investors also recently made changes to their positions in FIVE. Byrne Asset Management LLC acquired a new stake in Five Below in the 1st quarter valued at about $29,000. Proficio Capital Partners LLC acquired a new position in Five Below during the 4th quarter worth $31,000. Bessemer Group Inc. lifted its holdings in shares of Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after buying an additional 353 shares during the period. UMB Bank n.a. boosted its stake 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 buying an additional 206 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after acquiring an additional 253 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Morgan Stanley upped their price target on Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Barclays reduced their price objective on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company boosted their target price on Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Finally, Telsey Advisory Group increased their price target on Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Five Below presently has an average rating of "Hold" and an average price target of $113.30.

Insider Buying and Selling

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the sale, the insider directly owned 25,890 shares of the company's stock, valued at $3,240,651.30. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the sale, the chief accounting officer owned 55,854 shares in the company, valued at $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,700 shares of company stock valued at $1,530,209 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Five Below Stock Performance

Five Below stock traded up $1.49 during midday trading on Friday, reaching $132.88. 673,761 shares of the company's stock were exchanged, compared to its average volume of 2,068,581. The stock's 50-day simple moving average is $110.89 and its 200 day simple moving average is $94.39. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 27.86 and a beta of 1.04. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $137.30.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 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 the consensus estimate of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. Research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.