Two Sigma Advisers LP Reduces Position in Five Below, Inc. (NASDAQ:FIVE)

Two Sigma Advisers LP reduced its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 96.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,200 shares of the specialty retailer's stock after selling 708,300 shares during the period. Two Sigma Advisers LP's holdings in Five Below were worth $2,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in Five Below during the 4th quarter worth approximately $31,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Five Below by 143.8% during 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after buying an additional 558 shares in the last quarter. R Squared Ltd bought a new stake in shares of Five Below in the fourth quarter valued at about $68,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Five Below in the fourth quarter valued at about $99,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America dropped their price target on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research note on Thursday, March 20th. UBS Group cut their target price on Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Loop Capital lifted their price target on Five Below from $85.00 to $90.00 and gave the company a "hold" rating in a research note on Monday, May 5th. Telsey Advisory Group upped their price objective on Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Five Below in a research note 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's stock. According to MarketBeat, Five Below currently has an average rating of "Hold" and an average price target of $99.15.

Insiders Place Their Bets

In related news, EVP Ronald James Masciantonio sold 584 shares of the company's 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Five Below Stock Down 0.8%

FIVE traded down $0.97 during trading on Friday, hitting $115.70. The company's stock had a trading volume of 1,510,794 shares, compared to its average volume of 2,099,673. The business's 50 day simple moving average is $82.65 and its 200-day simple moving average is $89.60. The firm has a market cap of $6.37 billion, a PE ratio of 23.86, a P/E/G ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a one year low of $52.38 and a one year high of $141.70.

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