Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 102,562 shares of the specialty retailer's stock after acquiring an additional 11,837 shares during the period. Boothbay Fund Management LLC owned about 0.19% of Five Below worth $10,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new position in Five Below during the 4th quarter worth $31,000. UMB Bank n.a. increased its holdings in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Five Below during the 3rd quarter worth $42,000. Coppell Advisory Solutions LLC increased its holdings in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 253 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 558 shares during the period.

Five Below Stock Performance

Five Below stock traded down $0.32 during midday trading on Thursday, hitting $75.57. 717,961 shares of the company's stock were exchanged, compared to its average volume of 1,989,070. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $147.64. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. The firm's 50 day simple moving average is $73.65 and its 200 day simple moving average is $88.06.

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

Analysts Set New Price Targets

FIVE has been the subject of a number of recent analyst reports. Morgan Stanley reissued an "equal weight" rating on shares of Five Below in a research report on Thursday, March 20th. Bank of America lowered their price objective on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. UBS Group lowered their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Truist Financial dropped their price target on Five Below from $86.00 to $65.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Mizuho dropped their price target on Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Five Below presently has an average rating of "Hold" and an average target price of $94.30.

Insider Activity at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction dated Monday, March 24th. The shares were 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 owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company's stock.

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.