Lisanti Capital Growth LLC bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,470 shares of the specialty retailer’s stock, valued at approximately $4,495,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. Ritholtz Wealth Management raised its holdings in shares of Five Below by 31.0% during the third quarter. Ritholtz Wealth Management now owns 1,713 shares of the specialty retailer’s stock valued at $376,000 after buying an additional 405 shares during the last quarter. Jacobi Capital Management LLC acquired a new position in shares of Five Below during the third quarter worth approximately $49,000. Machina Capital S.A.S. boosted its position in shares of Five Below by 192.3% during the third quarter. Machina Capital S.A.S. now owns 4,095 shares of the specialty retailer’s stock worth $899,000 after buying an additional 2,694 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Five Below by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 30,379 shares of the specialty retailer’s stock worth $6,670,000 after buying an additional 173 shares during the period. Finally, Lido Advisors LLC grew its holdings in Five Below by 178.5% in the 3rd quarter. Lido Advisors LLC now owns 5,085 shares of the specialty retailer’s stock worth $1,117,000 after buying an additional 3,259 shares in the last quarter.
Five Below Price Performance
Five Below stock opened at $250.74 on Thursday. The firm has a 50 day simple moving average of $231.75 and a 200-day simple moving average of $219.59. The stock has a market capitalization of $13.80 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 0.98 and a beta of 0.90. Five Below, Inc. has a 12-month low of $143.02 and a 12-month high of $263.88.
Insider Transactions at Five Below
In related news, insider Maureen Gellerman sold 1,610 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $248.94, for a total transaction of $400,793.40. Following the completion of the transaction, the insider owned 8,804 shares of the company’s stock, valued at $2,191,667.76. This trade represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Jacob Hawkins sold 818 shares of Five Below stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $248.88, for a total value of $203,583.84. Following the transaction, the chief marketing officer directly owned 3,728 shares in the company, valued at approximately $927,824.64. The trade was a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 18,438 shares of company stock worth $4,580,933. Corporate insiders own 0.96% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on FIVE shares. Morgan Stanley raised their target price on Five Below from $235.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Wells Fargo & Company boosted their price target on Five Below from $260.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Cantor Fitzgerald cut Five Below to a “neutral” rating in a research note on Thursday, August 13th. Finally, BNP Paribas Exane lowered Five Below from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Nineteen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $301.90.
About Five Below
Five Below, Inc. is a U.S. discount retailer offering a changing assortment of value-priced products for teens, tweens, and families. Its merchandise spans toys and games, technology accessories, sports and recreation, fashion and accessories, home goods, party supplies, seasonal items, and candy. The company was founded in 2002 by David Schlessinger and Tom Vellios, and opened its first store in Wayne, Pennsylvania. While its name reflects its original focus on products priced at $5 or less, Five Below has expanded its assortment to include higher-priced items through its Five Beyond offering.
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