Panoramic Capital LLC Buys Shares of 53,436 Five Below, Inc. (NASDAQ:FIVE)

Panoramic Capital LLC bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 53,436 shares of the specialty retailer’s stock, valued at approximately $5,609,000. Five Below comprises about 3.0% of Panoramic Capital LLC’s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in FIVE. Marshall Wace LLP increased its stake in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after purchasing an additional 1,072,642 shares during the last quarter. Norges Bank bought a new position in shares of Five Below during the fourth quarter worth about $66,933,000. Alliancebernstein L.P. grew its position in shares of Five Below by 487.0% during the fourth quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer’s stock worth $59,480,000 after acquiring an additional 470,150 shares during the last quarter. Man Group plc grew its position in shares of Five Below by 399.5% during the fourth quarter. Man Group plc now owns 562,902 shares of the specialty retailer’s stock worth $59,082,000 after acquiring an additional 450,215 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Five Below during the fourth quarter worth about $44,727,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Five Below from $65.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, May 5th. Loop Capital upped their target price on Five Below from $85.00 to $90.00 and gave the company a “hold” rating in a report on Monday, May 5th. Guggenheim dropped their target price on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Bank of America dropped their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a report on Thursday, March 20th. One equities 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.25.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the firm’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 of the company’s stock, valued at $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Five Below Stock Down 1.7%

Shares of FIVE stock opened at $101.69 on Wednesday. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $145.00. The business’s 50 day moving average is $73.72 and its two-hundred day moving average is $87.74. The company has a market cap of $5.60 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $3.65 earnings per share. Five Below’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal 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.