Picton Mahoney Asset Management Boosts Holdings in Five Below, Inc. (NASDAQ:FIVE)

Picton Mahoney Asset Management raised its stake in Five Below, Inc. (NASDAQ:FIVE) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,530 shares of the specialty retailer’s stock after acquiring an additional 75 shares during the quarter. Picton Mahoney Asset Management’s holdings in Five Below were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIVE. Montrusco Bolton Investments Inc. lifted its stake in Five Below by 34.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after purchasing an additional 395,275 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Five Below by 89.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after buying an additional 487,948 shares during the last quarter. Giverny Capital Inc. grew its stake in shares of Five Below by 1.7% during the 3rd quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock worth $103,711,000 after acquiring an additional 10,845 shares during the period. Clearbridge Investments LLC increased its holdings in Five Below by 19.7% in the 3rd quarter. Clearbridge Investments LLC now owns 641,128 shares of the specialty retailer’s stock worth $103,157,000 after acquiring an additional 105,624 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Five Below by 18.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 545,567 shares of the specialty retailer’s stock valued at $87,782,000 after acquiring an additional 86,488 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $235.00 to $200.00 in a research note on Tuesday, January 30th. Truist Financial reduced their price objective on shares of Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Barclays dropped their target price on Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Telsey Advisory Group reduced their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Finally, Craig Hallum dropped their price objective on Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.33.

Five Below Price Performance

FIVE opened at $142.10 on Thursday. The stock’s 50 day simple moving average is $172.46 and its 200 day simple moving average is $183.85. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.16 and a beta of 1.21. Five Below, Inc. has a 1 year low of $140.19 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the firm earned $3.07 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Five Below, Inc. will post 6.05 EPS for the current year.

Five Below Company 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.