Waratah Capital Advisors Ltd. increased its position in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 73.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,150 shares of the specialty retailer's stock after purchasing an additional 3,879 shares during the period. Waratah Capital Advisors Ltd.'s holdings in Five Below were worth $1,260,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Five Below by 93.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 93 shares in the last quarter. Private Trust Co. NA purchased a new stake in Five Below in the 2nd quarter valued at $28,000. First Horizon Advisors Inc. raised its position in Five Below by 2,876.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 387 shares of the specialty retailer's stock valued at $43,000 after buying an additional 374 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in Five Below in the 3rd quarter valued at $63,000. Finally, Castle Wealth Management LLC purchased a new stake in Five Below in the 2nd quarter valued at $59,000.
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Wall Street Analysts Forecast Growth
FIVE has been the subject of a number of analyst reports. StockNews.com raised Five Below from a "sell" rating to a "hold" rating in a research report on Monday, January 16th. William Blair initiated coverage on Five Below in a research report on Wednesday, December 7th. They issued an "outperform" rating for the company. KeyCorp increased their price target on Five Below from $188.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, January 10th. Oppenheimer raised their target price on Five Below from $165.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on Five Below from $184.00 to $204.00 in a research report on Thursday, December 1st. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.48.
Five Below Stock Up 0.8 %
Shares of NASDAQ FIVE opened at $195.23 on Friday. Five Below, Inc. has a 52 week low of $109.49 and a 52 week high of $196.45. The business has a 50-day simple moving average of $177.89 and a two-hundred day simple moving average of $151.43. The company has a market cap of $10.84 billion, a P/E ratio of 47.50, a P/E/G ratio of 2.20 and a beta of 1.11.
Five Below (NASDAQ:FIVE – Get Rating) last issued its earnings results on Wednesday, November 30th. The specialty retailer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.14 by $0.15. Five Below had a return on equity of 20.11% and a net margin of 7.81%. The business had revenue of $645.03 million during the quarter, compared to the consensus estimate of $611.16 million. Equities research analysts anticipate that Five Below, Inc. will post 4.69 EPS for the current year.
Insiders Place Their Bets
In other news, CFO Kenneth R. Bull sold 7,000 shares of Five Below stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $182.40, for a total transaction of $1,276,800.00. Following the completion of the sale, the chief financial officer now owns 71,364 shares in the company, valued at approximately $13,016,793.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kenneth R. Bull sold 7,000 shares of Five Below stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $182.40, for a total transaction of $1,276,800.00. Following the completion of the sale, the chief financial officer now owns 71,364 shares in the company, valued at approximately $13,016,793.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 9,500 shares of Five Below stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $183.79, for a total value of $1,746,005.00. Following the sale, the chief accounting officer now owns 31,243 shares of the company's stock, valued at approximately $5,742,150.97. The disclosure for this sale can be found here. Insiders sold a total of 37,325 shares of company stock worth $6,919,010 in the last quarter. 1.90% of the stock is owned by company insiders.
Five Below Company Profile
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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.
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