Point72 Asset Management L.P. Sells 104,698 Shares of Five Below, Inc. (NASDAQ:FIVE)

Point72 Asset Management L.P. trimmed its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 23.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 350,576 shares of the specialty retailer's stock after selling 104,698 shares during the period. Point72 Asset Management L.P. owned 0.64% of Five Below worth $36,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Five Below during the fourth quarter valued at about $8,489,000. Schonfeld Strategic Advisors LLC boosted its stake in Five Below by 7,542.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock valued at $30,160,000 after buying an additional 283,591 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in Five Below by 691.8% during the 4th quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock valued at $2,655,000 after buying an additional 22,102 shares in the last quarter. Prudential Financial Inc. grew its holdings in Five Below by 236.1% during the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock valued at $1,201,000 after buying an additional 8,035 shares in the last quarter. Finally, KBC Group NV increased its stake in Five Below by 30.4% in the 4th quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock worth $223,000 after acquiring an additional 496 shares during the last quarter.

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 company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on FIVE. JPMorgan Chase & Co. increased their target price on Five Below from $57.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on shares of Five Below from $94.00 to $107.00 and gave the stock a "buy" rating in a research note on Monday. Wall Street Zen upgraded shares of Five Below from a "sell" rating to a "hold" rating in a report on Monday, March 24th. Loop Capital increased their price target on shares of Five Below from $85.00 to $90.00 and gave the company a "hold" rating in a report on Monday, May 5th. Finally, Truist Financial lifted their price target on Five Below from $65.00 to $81.00 and gave the stock a "hold" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Five Below presently has a consensus rating of "Hold" and a consensus price target of $97.50.

Five Below Stock Performance

FIVE stock traded up $2.18 during midday trading on Thursday, reaching $111.29. The company's stock had a trading volume of 496,460 shares, compared to its average volume of 2,075,260. The stock has a fifty day simple moving average of $77.56 and a two-hundred day simple moving average of $88.38. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 22.91, a PEG 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 released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.65 EPS. As a group, analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal 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.