SPX Gestao de Recursos Ltda Makes New Investment in Five Below, Inc. $FIVE

SPX Gestao de Recursos Ltda purchased a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,600 shares of the specialty retailer’s stock, valued at approximately $866,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC grew its holdings in Five Below by 397.5% during the 3rd quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after buying an additional 654,763 shares in the last quarter. Estate Counselors LLC purchased a new stake in shares of Five Below in the third quarter worth about $3,755,000. Charles Schwab Investment Management Inc. boosted its position in shares of Five Below by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 690,615 shares of the specialty retailer’s stock valued at $90,595,000 after acquiring an additional 8,743 shares during the period. AGF Management Ltd. purchased a new position in Five Below during the third quarter valued at approximately $7,304,000. Finally, Pacer Advisors Inc. purchased a new position in Five Below during the third quarter valued at approximately $1,121,000.

Insider Transactions at Five Below

In related news, Director Kathleen S. Barclay sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $182.03, for a total value of $400,466.00. Following the completion of the sale, the director owned 9,214 shares in the company, valued at $1,677,224.42. The trade was a 19.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider George Hill sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $182.09, for a total value of $1,365,675.00. Following the completion of the sale, the insider directly owned 32,913 shares of the company’s stock, valued at approximately $5,993,128.17. This represents a 18.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 25,225 shares of company stock valued at $4,901,695. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FIVE has been the topic of several recent analyst reports. Craig Hallum reiterated a “buy” rating on shares of Five Below in a research note on Friday, January 16th. Telsey Advisory Group upped their price target on shares of Five Below from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Jefferies Financial Group increased their price objective on Five Below from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. UBS Group set a $255.00 price objective on Five Below in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. boosted their target price on Five Below from $246.00 to $259.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Five Below presently has an average rating of “Moderate Buy” and a consensus price target of $204.85.

Five Below Stock Down 2.9%

FIVE opened at $215.28 on Friday. The business’s fifty day simple moving average is $202.84 and its 200 day simple moving average is $173.14. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $229.33. The stock has a market cap of $11.87 billion, a PE ratio of 38.65, a P/E/G ratio of 1.70 and a beta of 1.10.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.46. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $971.96 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year. As a group, equities analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

About Five Below

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.