Picton Mahoney Asset Management Increases Stock Holdings in Five Below, Inc. $FIVE

Picton Mahoney Asset Management grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 40.8% during the third quarter, Holdings Channel reports. The firm owned 55,223 shares of the specialty retailer’s stock after purchasing an additional 16,008 shares during the quarter. Picton Mahoney Asset Management’s holdings in Five Below were worth $8,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank increased its position in shares of Five Below by 705.0% during the third quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 141 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Five Below during the 2nd quarter worth $26,000. CI Investments Inc. increased its holdings in Five Below by 44.3% during the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 74 shares during the period. Mather Group LLC. acquired a new stake in Five Below in the 3rd quarter valued at about $40,000. Finally, Caitlin John LLC purchased a new position in shares of Five Below in the 3rd quarter valued at about $46,000.

Analyst Ratings Changes

FIVE has been the subject of several analyst reports. Loop Capital reiterated a “buy” rating and set a $200.00 price target on shares of Five Below in a report on Wednesday, December 17th. Mizuho lifted their price objective on shares of Five Below from $165.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Craig Hallum reiterated a “buy” rating on shares of Five Below in a research note on Friday, January 16th. JPMorgan Chase & Co. increased their target price on Five Below from $246.00 to $259.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Finally, Evercore lifted their price target on Five Below from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Five Below currently has a consensus rating of “Moderate Buy” and an average price target of $204.85.

Insider Activity

In related news, insider Maureen Marie Gellerman sold 544 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $174.38, for a total value of $94,862.72. Following the completion of the sale, the insider owned 12,163 shares in the company, valued at $2,120,983.94. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Kenneth R. Bull sold 25,000 shares of Five Below stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $174.75, for a total value of $4,368,750.00. Following the completion of the sale, the chief operating officer directly owned 106,140 shares in the company, valued at $18,547,965. This represents a 19.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 50,769 shares of company stock valued at $9,365,308 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Five Below Stock Down 0.5%

Shares of FIVE stock opened at $220.52 on Thursday. The stock’s 50-day moving average price is $201.66 and its 200 day moving average price is $172.28. The stock has a market capitalization of $12.16 billion, a PE ratio of 39.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $229.33.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 3rd. The specialty retailer reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.46. Five Below had a net margin of 6.96% and a return on equity of 17.15%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $971.96 million. During the same quarter in the prior year, the firm earned $0.42 EPS. Five Below’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Five Below 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.