Schonfeld Strategic Advisors LLC Boosts Holdings in Five Below, Inc. (NASDAQ:FIVE)

Schonfeld Strategic Advisors LLC increased its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 7,542.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,351 shares of the specialty retailer's stock after acquiring an additional 283,591 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.52% of Five Below worth $30,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Vanguard Group Inc. boosted its stake in shares of Five Below by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer's stock worth $529,792,000 after acquiring an additional 43,537 shares during the period. Wasatch Advisors LP grew its holdings in Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer's stock valued at $254,012,000 after buying an additional 86,271 shares in the last quarter. Marshall Wace LLP raised its position in shares of Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock valued at $243,529,000 after buying an additional 1,072,642 shares during the last quarter. Giverny Capital Inc. lifted its holdings in shares of Five Below by 0.9% in the fourth quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer's stock worth $76,842,000 after buying an additional 6,861 shares in the last quarter. Finally, Pacifica Capital Investments LLC grew its stake in Five Below by 13.3% during the fourth quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer's stock valued at $69,122,000 after acquiring an additional 77,483 shares in the last quarter.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

Five Below Stock Down 0.7 %

FIVE stock traded down $0.53 during trading on Thursday, hitting $75.36. The company had a trading volume of 2,076,069 shares, compared to its average volume of 1,997,811. The firm has a market capitalization of $4.15 billion, a P/E ratio of 15.54, a PEG ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $147.64. The company has a 50 day simple moving average of $73.41 and a 200-day simple moving average of $87.95.

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, beating the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion during 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 company's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.65 earnings per share. Sell-side analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FIVE shares. Barclays cut their price objective on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. upgraded Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 price target for the company in a report on Monday, April 7th. Loop Capital lowered their target price on Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. Evercore ISI reduced their price target on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Finally, DA Davidson lowered their price objective on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $94.30.

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.