Wasatch Advisors LP Purchases 86,271 Shares of Five Below, Inc. (NASDAQ:FIVE)

Wasatch Advisors LP raised its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,420,083 shares of the specialty retailer's stock after purchasing an additional 86,271 shares during the period. Five Below accounts for approximately 1.3% of Wasatch Advisors LP's holdings, making the stock its 22nd biggest holding. Wasatch Advisors LP owned 4.40% of Five Below worth $254,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIVE. Proficio Capital Partners LLC bought a new position in Five Below in the 4th quarter worth about $31,000. UMB Bank n.a. increased its holdings in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after buying an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below in the 3rd quarter valued at $42,000. EverSource Wealth Advisors LLC increased its position in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after acquiring an additional 558 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Five Below during the 4th quarter valued at $68,000.

Insider Transactions at Five Below

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

Five Below Price Performance

NASDAQ FIVE traded down $1.94 during mid-day trading on Monday, hitting $65.57. The stock had a trading volume of 744,574 shares, compared to its average volume of 1,944,322. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $151.95. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.19 and a beta of 1.01. The firm's 50 day moving average is $76.10 and its 200 day moving average is $89.01.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $3.65 EPS. The firm's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FIVE. Morgan Stanley reissued an "equal weight" rating on shares of Five Below in a research note on Thursday, March 20th. Bank of America reduced their price target on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a report on Thursday, March 20th. Telsey Advisory Group cut their price target on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research note on Tuesday, March 18th. Guggenheim cut their price target on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, 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 note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Five Below has a consensus rating of "Hold" and a consensus price target 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.