Interval Partners LP Has $34.66 Million Stock Holdings in Five Below, Inc. $FIVE

Interval Partners LP trimmed its position in Five Below, Inc. (NASDAQ:FIVE) by 12.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,038 shares of the specialty retailer’s stock after selling 32,313 shares during the period. Interval Partners LP’s holdings in Five Below were worth $34,659,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Five Below by 143.0% in the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after acquiring an additional 645 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Five Below during the first quarter valued at approximately $268,000. Empowered Funds LLC acquired a new position in shares of Five Below during the first quarter worth approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Five Below by 13.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock worth $13,825,000 after purchasing an additional 21,625 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of Five Below by 63.8% in the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 1,503 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America raised shares of Five Below from an “underperform” rating to a “buy” rating and set a $233.00 price target for the company in a research report on Wednesday, February 4th. Citigroup raised their price objective on shares of Five Below from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Guggenheim set a $225.00 price objective on shares of Five Below in a report on Wednesday, January 14th. Wall Street Zen downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Finally, Craig Hallum restated a “buy” rating on shares of Five Below in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Five Below presently has a consensus rating of “Moderate Buy” and an average target price of $205.75.

Five Below Price Performance

FIVE opened at $210.36 on Friday. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $229.33. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 1.66 and a beta of 1.10. The firm’s fifty day moving average price is $205.62 and its two-hundred day moving average price is $175.79.

Insider Activity at Five Below

In other Five Below news, Director Kathleen S. Barclay sold 2,200 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $182.03, for a total value of $400,466.00. Following the completion of the sale, the director owned 9,214 shares in the company, valued at approximately $1,677,224.42. This trade represents a 19.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kenneth R. Bull sold 5,100 shares of Five Below stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $203.21, for a total transaction of $1,036,371.00. Following the transaction, the chief operating officer directly owned 101,040 shares in the company, valued at approximately $20,532,338.40. This represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,725 shares of company stock valued at $3,536,020 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Five Below Company Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.