Five Below, Inc. $FIVE Position Boosted by Legato Capital Management LLC

Legato Capital Management LLC raised its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 100.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,570 shares of the specialty retailer’s stock after acquiring an additional 5,785 shares during the quarter. Legato Capital Management LLC’s holdings in Five Below were worth $2,179,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC grew its stake in shares of Five Below by 397.5% in the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after buying an additional 654,763 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Five Below in the 3rd quarter valued at approximately $866,000. Estate Counselors LLC bought a new stake in shares of Five Below in the 3rd quarter valued at approximately $3,755,000. Caprock Group LLC bought a new stake in shares of Five Below in the 3rd quarter valued at approximately $2,346,000. Finally, AGF Management Ltd. bought a new stake in shares of Five Below in the 3rd quarter valued at approximately $7,304,000.

Five Below Stock Down 0.1%

Shares of FIVE stock opened at $219.50 on Friday. Five Below, Inc. has a 12 month low of $105.11 and a 12 month high of $251.63. The firm has a market cap of $12.14 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. The stock has a 50 day moving average of $225.26 and a 200-day moving average of $200.80.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.71 billion. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.48 earnings per share. As a group, equities analysts predict that Five Below, Inc. will post 8.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FIVE shares. Wall Street Zen raised Five Below from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Mizuho boosted their price target on Five Below from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. William Blair raised Five Below from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. boosted their price target on Five Below from $296.00 to $306.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Finally, Craig Hallum reissued a “buy” rating and issued a $246.00 price target on shares of Five Below in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $240.60.

Insiders Place Their Bets

In related news, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the transaction, the director directly owned 83,674 shares in the company, valued at approximately $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kenneth R. Bull sold 10,000 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.14, for a total value of $2,341,400.00. Following the completion of the transaction, the chief operating officer owned 92,531 shares of the company’s stock, valued at $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.96% 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.