Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP lowered its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,643 shares of the specialty retailer's stock after selling 42,285 shares during the period. Twinbeech Capital LP owned about 0.17% of Five Below worth $9,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Five Below by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after purchasing an additional 43,537 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Five Below by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer's stock worth $254,012,000 after purchasing an additional 86,271 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after buying an additional 1,072,642 shares during the last quarter. Steadfast Capital Management LP purchased a new position in shares of Five Below during the fourth quarter worth about $123,601,000. Finally, Giverny Capital Inc. grew its holdings in shares of Five Below by 0.9% during the fourth quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer's stock worth $76,842,000 after buying an additional 6,861 shares during the last quarter.

Five Below Trading Down 2.5%

Shares of NASDAQ:FIVE traded down $2.76 during trading on Friday, hitting $107.27. 1,104,533 shares of the stock were exchanged, compared to its average volume of 2,087,591. The company has a fifty day moving average price of $78.94 and a two-hundred day moving average price of $88.61. The company has a market cap of $5.91 billion, a PE ratio of 22.12, a P/E/G ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $141.70.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $3.65 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Telsey Advisory Group raised their price target on Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a report on Friday, May 2nd. DA Davidson lowered their price target on Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. raised their price target on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Mizuho lowered their price target on Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $97.50.

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.