Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Invenomic Capital Management LP

Invenomic Capital Management LP increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 222,401 shares of the specialty retailer's stock after acquiring an additional 23,281 shares during the period. Five Below comprises 1.1% of Invenomic Capital Management LP's portfolio, making the stock its 19th biggest position. Invenomic Capital Management LP owned about 0.40% of Five Below worth $23,343,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FIVE. Janus Henderson Group PLC increased its position in shares of Five Below by 4.9% during the fourth quarter. Janus Henderson Group PLC now owns 32,880 shares of the specialty retailer's stock worth $3,450,000 after acquiring an additional 1,541 shares during the period. Gotham Asset Management LLC bought a new stake in Five Below during the 4th quarter valued at $2,071,000. Focus Partners Wealth purchased a new stake in shares of Five Below in the 4th quarter worth $247,000. Ensign Peak Advisors Inc grew its position in shares of Five Below by 47.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 379,177 shares of the specialty retailer's stock worth $39,798,000 after buying an additional 121,808 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Five Below during the 4th quarter worth $218,000.

Insider Buying and Selling 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 completion of the sale, the executive vice president now owns 12,658 shares of the company's stock, valued at $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on FIVE shares. Barclays cut 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 report on Thursday, March 20th. Truist Financial upped their price objective on Five Below from $65.00 to $81.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. Evercore ISI reduced their target price on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Mizuho lowered their price target on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. 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.com, the company has a consensus rating of "Hold" and an average price target of $97.25.

Five Below Trading Up 2.6%

Shares of NASDAQ FIVE traded up $2.63 during trading on Wednesday, reaching $104.32. 1,861,070 shares of the company traded hands, compared to its average volume of 2,064,745. The stock has a market cap of $5.74 billion, a P/E ratio of 21.51, a PEG ratio of 1.19 and a beta of 0.87. The firm's fifty day simple moving average is $74.16 and its 200 day simple moving average is $87.86. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $145.00.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its 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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $3.65 earnings per share. Five Below's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

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.