Verition Fund Management LLC Purchases 5,904 Shares of Five Below, Inc. (NASDAQ:FIVE)

Verition Fund Management LLC lifted its position in Five Below, Inc. (NASDAQ:FIVEGet Rating) by 1,570.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,280 shares of the specialty retailer’s stock after acquiring an additional 5,904 shares during the period. Verition Fund Management LLC’s holdings in Five Below were worth $995,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wedbush Securities Inc. raised its position in shares of Five Below by 0.4% in the 1st quarter. Wedbush Securities Inc. now owns 17,159 shares of the specialty retailer’s stock worth $2,717,000 after acquiring an additional 60 shares in the last quarter. 180 Wealth Advisors LLC raised its position in shares of Five Below by 3.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 2,205 shares of the specialty retailer’s stock worth $402,000 after acquiring an additional 67 shares in the last quarter. Arizona State Retirement System raised its position in shares of Five Below by 0.5% in the 1st quarter. Arizona State Retirement System now owns 15,144 shares of the specialty retailer’s stock worth $2,398,000 after acquiring an additional 74 shares in the last quarter. Canada Pension Plan Investment Board raised its position 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 acquiring an additional 93 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in shares of Five Below by 6.0% in the 1st quarter. AE Wealth Management LLC now owns 1,714 shares of the specialty retailer’s stock worth $271,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $135.37 on Thursday. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 1.70 and a beta of 1.32. The stock has a 50 day moving average price of $132.58 and a 200 day moving average price of $140.64. Five Below, Inc. has a 52-week low of $109.49 and a 52-week high of $221.00.

Five Below (NASDAQ:FIVEGet Rating) last announced its quarterly earnings results on Wednesday, August 31st. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The firm had revenue of $668.93 million during the quarter, compared to analysts’ expectations of $681.30 million. Five Below had a net margin of 8.19% and a return on equity of 21.52%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. Analysts forecast that Five Below, Inc. will post 4.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIVE. Deutsche Bank Aktiengesellschaft raised their price objective on Five Below from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. Evercore ISI reduced their price objective on Five Below to $140.00 in a research report on Tuesday, September 6th. JPMorgan Chase & Co. reduced their price objective on Five Below from $165.00 to $159.00 and set an “overweight” rating for the company in a research report on Thursday, September 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $157.00 target price on shares of Five Below in a report on Friday, September 2nd. Finally, Morgan Stanley raised their price target on Five Below from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.89.

Insider Activity at Five Below

In other Five Below news, Director Zuhairah Scott Washington sold 550 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $140.00, for a total transaction of $77,000.00. Following the completion of the sale, the director now owns 2,340 shares in the company, valued at $327,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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