Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,663 shares of the specialty retailer’s stock after acquiring an additional 864 shares during the quarter. Rhumbline Advisers owned about 0.29% of Five Below worth $11,888,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Telsey Advisory Group upped their price objective on shares of Five Below from $90.00 to $128.00 and gave the company a “market perform” rating in a research note on Wednesday, June 4th. Evercore ISI increased their price objective on shares of Five Below from $98.00 to $115.00 and gave the stock an “in-line” rating in a report on Thursday, June 5th. DA Davidson cut their price target on shares of Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Citigroup increased their price target on shares of Five Below from $121.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group increased their target price on Five Below from $107.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.40.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $126.22 on Tuesday. The business has a 50-day moving average of $88.23 and a two-hundred day moving average of $91.21. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $137.30. The stock has a market capitalization of $6.95 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.19 and a beta of 1.02.

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

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41% 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, insider George Hill sold 4,500 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the transaction, the insider now owns 44,130 shares of the company’s stock, valued at approximately $5,866,200.90. This represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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.