1,077 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired 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 filing with the Securities and Exchange Commission. The firm bought 1,077 shares of the specialty retailer’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 period. Desjardins Global Asset Management Inc. bought a new position in shares of Five Below during the 4th quarter worth approximately $2,783,000. Wealth Alliance boosted its holdings in shares of Five Below by 3.7% during the 4th quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock worth $446,000 after buying an additional 75 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Five Below during the 4th quarter worth approximately $2,268,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Five Below during the 4th quarter worth approximately $3,325,000.

Insider Buying and Selling

In related news, Director Thomas Vellios sold 10,000 shares of Five Below stock in a transaction dated 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 sale, the director now owns 333,697 shares of the company’s stock, valued at approximately $62,007,576.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Telsey Advisory Group cut their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Wells Fargo & Company cut their price target on Five Below from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Thursday, March 21st. JPMorgan Chase & Co. cut their target price on Five Below from $222.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and cut their target price for the stock from $210.00 to $200.00 in a report on Wednesday, April 3rd. Finally, Oppenheimer cut Five Below from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Five Below has an average rating of “Moderate Buy” and an average target price of $212.83.

Five Below Price Performance

Shares of Five Below stock opened at $152.10 on Thursday. Five Below, Inc. has a 1 year low of $144.57 and a 1 year high of $216.18. The firm has a market cap of $8.40 billion, a PE ratio of 28.06, a P/E/G ratio of 1.20 and a beta of 1.19. The stock has a fifty day moving average price of $185.68 and a 200-day moving average price of $185.90.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned $3.07 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, equities analysts anticipate that Five Below, Inc. will post 6.06 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.