1,077 Shares in Five Below, Inc. (NASDAQ:FIVE) Bought by Latitude Advisors LLC

Latitude Advisors LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,077 shares of the specialty retailer’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Five Below by 6.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,961 shares of the specialty retailer’s stock valued at $2,550,000 after purchasing an additional 751 shares during the last quarter. Desjardins Global Asset Management Inc. purchased a new stake in shares of Five Below in the fourth quarter worth about $2,783,000. Wealth Alliance boosted its stake in shares of Five Below by 3.7% in the fourth quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock worth $446,000 after buying an additional 75 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Five Below in the 4th quarter worth about $2,268,000. Finally, Louisiana State Employees Retirement System acquired a new position in Five Below in the 4th quarter worth about $3,325,000.

Insider Buying and Selling

In related news, Director Thomas Vellios sold 10,000 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $185.82, for a total value of $1,858,200.00. Following the completion of the transaction, the director now directly owns 333,697 shares in the company, valued at $62,007,576.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on FIVE. Barclays reduced their price target on Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Oppenheimer cut Five Below from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. UBS Group reduced their price target on Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Morgan Stanley reduced their target price on Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reduced their target price on Five Below from $222.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.83.

Five Below Stock Performance

Shares of Five Below stock opened at $152.10 on Thursday. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.20 and a beta of 1.19. Five Below, Inc. has a fifty-two week low of $144.57 and a fifty-two week high of $216.18. The stock has a 50 day moving average of $185.68 and a 200 day moving average of $185.90.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.78 by ($0.13). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.07 earnings per share. Analysts forecast that Five Below, Inc. will post 6.06 EPS for the current year.

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.