Summit Trail Advisors LLC Invests $247,000 in Five Below, Inc. (NASDAQ:FIVE)

Summit Trail Advisors LLC purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,293 shares of the specialty retailer's stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also made changes to their positions in FIVE. Byrne Asset Management LLC acquired a new stake in Five Below in the first quarter worth $29,000. Proficio Capital Partners LLC acquired a new stake in Five Below in the fourth quarter worth $31,000. Bessemer Group Inc. increased its position 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 buying an additional 353 shares during the period. UMB Bank n.a. increased its position 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 buying an additional 206 shares during the period. Finally, Coppell Advisory Solutions LLC increased 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 buying an additional 253 shares during the period.

Insiders Place Their Bets

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the sale, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. This trade represents a 6.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Eric M. Specter sold 5,500 shares of the firm's 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 sale, the chief accounting officer owned 55,854 shares of the company's stock, 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. In the last ninety days, insiders sold 11,700 shares of company stock worth $1,530,209. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on FIVE. Wells Fargo & Company increased 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. Bank of America raised their price target on Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a report on Thursday, June 5th. Telsey Advisory Group raised their price target on Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a report on Wednesday, June 4th. Mizuho upped their price target on shares of Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, UBS Group raised their price objective on shares of Five Below from $110.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.30.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded up $1.49 during midday trading on Friday, reaching $132.88. The company had a trading volume of 673,761 shares, compared to its average volume of 2,072,825. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $137.30. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 27.86 and a beta of 1.04. The company has a fifty day simple moving average of $112.04 and a two-hundred day simple moving average of $94.50.

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, beating analysts' consensus estimates of $0.83 by $0.03. Five Below had a return on equity of 17.00% and a net margin of 6.52%. The business had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. During the same quarter last year, the company posted $0.60 EPS. Five Below's revenue for the quarter was up 19.5% on a year-over-year basis. Analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

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.