Point72 Hong Kong Ltd Buys Shares of 20,838 Five Below, Inc. (NASDAQ:FIVE)

Point72 Hong Kong Ltd purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,838 shares of the specialty retailer’s stock, valued at approximately $2,271,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Five Below during the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Five Below in the 1st quarter valued at $28,000. Quest Partners LLC purchased a new position in shares of Five Below during the 4th quarter worth $37,000. Parallel Advisors LLC boosted its holdings in shares of Five Below by 86.3% during the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Finally, McClarren Financial Advisors Inc. grew its position in shares of Five Below by 18,100.0% in the first quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock valued at $330,000 after purchasing an additional 181 shares during the period.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $91.04 on Thursday. The business’s 50-day simple moving average is $79.37 and its 200 day simple moving average is $120.00. The company has a market cap of $5.01 billion, a P/E ratio of 17.11, a PEG ratio of 1.06 and a beta of 1.21. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Analysts predict that Five Below, Inc. will post 4.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

FIVE has been the topic of several recent analyst reports. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Mizuho lowered shares of Five Below from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $150.00 to $85.00 in a report on Wednesday, July 17th. Craig Hallum upgraded shares of Five Below from a “hold” rating to a “buy” rating and lowered their target price for the company from $108.00 to $102.00 in a report on Thursday, August 29th. Guggenheim cut their price target on shares of Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.45.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.