Gotham Asset Management LLC Makes New $2.07 Million Investment in Five Below, Inc. (NASDAQ:FIVE)

Gotham Asset Management LLC purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,733 shares of the specialty retailer's stock, valued at approximately $2,071,000.

A number of other hedge funds also recently bought and sold shares of FIVE. Gradient Investments LLC lifted its position in Five Below by 0.7% during the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock worth $1,666,000 after acquiring an additional 111 shares during the period. Bank of Montreal Can increased its stake in shares of Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after purchasing an additional 123 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after buying an additional 150 shares in the last quarter. Sterling Capital Management LLC lifted its position in Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after buying an additional 158 shares during the period. Finally, Cornerstone Investment Partners LLC boosted its position in shares of Five Below by 3.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock worth $497,000 after acquiring an additional 162 shares during the last quarter.

Insider Activity at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the business's 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Five Below Stock Up 2.3%

Shares of FIVE traded up $2.42 during trading hours on Monday, reaching $108.94. The company's stock had a trading volume of 1,666,000 shares, compared to its average volume of 2,078,425. The company has a 50 day moving average of $75.34 and a two-hundred day moving average of $87.98. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $141.70.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping analysts' consensus estimates 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%. Five Below's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.65 earnings per share. As a group, analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIVE shares. Barclays reduced their price target on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Evercore ISI dropped their target price on Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. DA Davidson decreased their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. UBS Group reduced their price target on Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, Telsey Advisory Group boosted their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Five Below presently has a consensus rating of "Hold" and a consensus 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.