GAMMA Investing LLC Grows Stock Position in Five Below, Inc. (NASDAQ:FIVE)

GAMMA Investing LLC lifted its stake in Five Below, Inc. (NASDAQ:FIVE) by 7,331.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,074 shares of the specialty retailer’s stock after purchasing an additional 99,714 shares during the period. GAMMA Investing LLC owned about 0.18% of Five Below worth $7,573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. Proficio Capital Partners LLC purchased a new position in Five Below in the fourth quarter valued at $31,000. Coppell Advisory Solutions LLC lifted its holdings in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after buying an additional 253 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after buying an additional 558 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Five Below during the 4th quarter worth about $99,000. Finally, Versant Capital Management Inc purchased a new stake in Five Below during the 1st quarter worth about $129,000.

Analysts Set New Price Targets

A number of analysts have issued reports on FIVE shares. JPMorgan Chase & Co. lifted their price target on Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Wall Street Zen raised Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. UBS Group lifted their price target on Five Below from $110.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial lifted their price target on Five Below from $81.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, June 2nd. Finally, Citigroup lifted their price target on Five Below from $121.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Five Below has an average rating of “Hold” and an average target price of $112.40.

Five Below Stock Down 0.5%

Shares of FIVE stock opened at $127.35 on Monday. The stock has a market capitalization of $7.01 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $137.30. The stock’s 50-day moving average price is $87.34 and its 200 day moving average price is $90.94.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $970.53 million for the quarter, compared to analysts’ expectations of $966.29 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.

About Five Below

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.