Tidal Investments LLC Invests $288,000 in Five Below, Inc. (NASDAQ:FIVE)

Tidal Investments LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,744 shares of the specialty retailer's stock, valued at approximately $288,000.

A number of other hedge funds have also modified their holdings of FIVE. Raymond James Financial Inc. acquired a new position in shares of Five Below in the 4th quarter worth approximately $8,489,000. Schonfeld Strategic Advisors LLC raised its position in shares of Five Below by 7,542.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock worth $30,160,000 after acquiring an additional 283,591 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Five Below by 236.1% during the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock worth $1,201,000 after acquiring an additional 8,035 shares during the last quarter. KBC Group NV lifted its stake in shares of Five Below by 30.4% during the fourth quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock valued at $223,000 after acquiring an additional 496 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Five Below in the fourth quarter valued at about $31,000.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group dropped their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Truist Financial lifted their price target on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a research report on Monday. Telsey Advisory Group boosted their price target on shares of Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. Barclays reduced their price objective on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, Loop Capital upped their target price on shares of Five Below from $85.00 to $90.00 and gave the company a "hold" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $101.30.

Five Below Price Performance

NASDAQ:FIVE traded down $1.31 during trading hours on Wednesday, reaching $120.90. 616,744 shares of the stock were exchanged, compared to its average volume of 2,094,847. The stock has a market cap of $6.66 billion, a PE ratio of 24.93, a PEG ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $140.51. The firm has a 50 day moving average of $84.30 and a 200 day moving average of $90.04.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm posted $3.65 earnings per share. The business's quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.