Overbrook Management Corp Buys Shares of 1,000 Five Below, Inc. (NASDAQ:FIVE)

Overbrook Management Corp bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,000 shares of the specialty retailer’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Giverny Capital Inc. grew its holdings in Five Below by 1.7% in the 3rd quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock valued at $103,711,000 after buying an additional 10,845 shares during the last quarter. Desjardins Global Asset Management Inc. bought a new stake in shares of Five Below in the 4th quarter worth approximately $2,783,000. Trust Point Inc. bought a new stake in shares of Five Below in the 4th quarter worth approximately $2,129,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Five Below in the 4th quarter worth approximately $3,222,000. Finally, Invesco Ltd. lifted its position in shares of Five Below by 119.1% in the 3rd quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock worth $47,317,000 after acquiring an additional 159,844 shares during the period.

Analyst Ratings Changes

A number of brokerages have commented on FIVE. Evercore ISI reduced their price objective on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Craig Hallum reduced their price objective on Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and reduced their price objective for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Wells Fargo & Company upgraded Five Below from an “equal weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research report on Thursday. Finally, Telsey Advisory Group cut their target price 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Five Below has a consensus rating of “Moderate Buy” and a consensus target price of $210.33.

Five Below Stock Performance

Shares of FIVE opened at $150.08 on Friday. The stock has a fifty day moving average price of $181.17 and a two-hundred day moving average price of $185.29. Five Below, Inc. has a 52-week low of $144.57 and a 52-week high of $216.18. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.21 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last released 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). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the business posted $3.07 earnings per share. As a group, research analysts predict that Five Below, Inc. will post 6.05 EPS for the current fiscal year.

Five Below 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.