Peregrine Capital Management LLC Has $10.89 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Peregrine Capital Management LLC lowered its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,084 shares of the specialty retailer's stock after selling 15,307 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.09% of Five Below worth $10,889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in Five Below by 76.3% in the second quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in Five Below by 0.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 9,777 shares of the specialty retailer's stock valued at $2,014,000 after acquiring an additional 58 shares in the last quarter. Park Place Capital Corp boosted its position in Five Below by 11.5% during the 3rd quarter. Park Place Capital Corp now owns 641 shares of the specialty retailer's stock valued at $103,000 after acquiring an additional 66 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Five Below by 2.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 3,103 shares of the specialty retailer's stock valued at $499,000 after acquiring an additional 67 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Five Below by 2.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,270 shares of the specialty retailer's stock valued at $526,000 after acquiring an additional 71 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on FIVE. Morgan Stanley dropped their target price on Five Below from $225.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, March 21st. Telsey Advisory Group dropped their target price on Five Below from $230.00 to $220.00 and set an "outperform" rating on the stock in a research report on Thursday, March 21st. Wells Fargo & Company lowered their price objective on Five Below from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Thursday, March 21st. Mizuho initiated coverage on Five Below in a research report on Tuesday, March 19th. They issued a "buy" rating and a $225.00 price objective for the company. Finally, Truist Financial lowered their price objective on Five Below from $214.00 to $204.00 and set a "buy" rating for the company in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Five Below presently has an average rating of "Moderate Buy" and an average price target of $213.11.

Insider Activity at Five Below

In related news, Director Thomas Vellios sold 10,000 shares of Five Below stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $185.82, for a total value of $1,858,200.00. Following the completion of the transaction, the director now owns 333,697 shares in the company, valued at approximately $62,007,576.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Five Below Stock Performance

FIVE stock traded down $0.75 during midday trading on Tuesday, reaching $159.58. The stock had a trading volume of 1,397,167 shares, compared to its average volume of 837,855. The stock has a market cap of $8.82 billion, a PE ratio of 29.44, a P/E/G ratio of 1.30 and a beta of 1.19. The firm has a fifty day simple moving average of $188.70 and a two-hundred day simple moving average of $186.00. Five Below, Inc. has a 52-week low of $144.57 and a 52-week high of $220.19.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.78 by ($0.13). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business's quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.07 EPS. On average, sell-side analysts predict that Five Below, Inc. will post 6.06 EPS for the current fiscal year.

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.