Point72 Hong Kong Ltd Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Point72 Hong Kong Ltd acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, HoldingsChannel reports. The firm acquired 24,350 shares of the specialty retailer’s stock, valued at approximately $2,556,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIVE. UMB Bank n.a. grew its holdings in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares in the last quarter. R Squared Ltd acquired a new position in shares of Five Below in the 4th quarter valued at $68,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Five Below in the 4th quarter valued at $99,000.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on FIVE shares. Telsey Advisory Group boosted their price objective on shares of Five Below from $85.00 to $90.00 and gave the company a “market perform” rating in a research note on Friday, May 2nd. Truist Financial boosted their price objective on shares of Five Below from $65.00 to $81.00 and gave the stock a “hold” rating in a research report on Monday, May 5th. StockNews.com upgraded shares of Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Finally, Loop Capital upped their price objective on shares of Five Below from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $97.25.

Five Below Stock Up 1.2%

Shares of FIVE opened at $105.61 on Friday. The stock’s fifty day simple moving average is $74.72 and its 200-day simple moving average is $87.96. The firm has a market capitalization of $5.81 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $145.00.

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