SPX Gestao de Recursos Ltda Makes New $866,000 Investment in Five Below, Inc. $FIVE

SPX Gestao de Recursos Ltda purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,600 shares of the specialty retailer’s stock, valued at approximately $866,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIVE. Vanguard Group Inc. increased its holdings in shares of Five Below by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,376,471 shares of the specialty retailer’s stock worth $831,740,000 after buying an additional 69,101 shares during the period. American Century Companies Inc. boosted its holdings in Five Below by 21.6% during the 3rd quarter. American Century Companies Inc. now owns 1,873,116 shares of the specialty retailer’s stock valued at $289,771,000 after acquiring an additional 332,615 shares during the period. Federated Hermes Inc. grew its position in Five Below by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,496,952 shares of the specialty retailer’s stock worth $196,370,000 after acquiring an additional 10,971 shares during the last quarter. Norges Bank bought a new position in Five Below during the 2nd quarter worth approximately $110,834,000. Finally, Dimensional Fund Advisors LP increased its stake in Five Below by 21.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 831,225 shares of the specialty retailer’s stock worth $128,592,000 after purchasing an additional 144,443 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FIVE shares. Telsey Advisory Group increased their price objective on Five Below from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Wall Street Zen lowered shares of Five Below from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. increased their price target on shares of Five Below from $246.00 to $259.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Morgan Stanley raised their price target on shares of Five Below from $190.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $206.00 price objective on shares of Five Below in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $204.85.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 8,500 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total value of $1,709,775.00. Following the completion of the transaction, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at $9,197,382.60. This represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider George Hill sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $182.09, for a total transaction of $1,365,675.00. Following the completion of the sale, the insider owned 32,913 shares of the company’s stock, valued at $5,993,128.17. This trade represents a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,225 shares of company stock worth $4,901,695 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Five Below Trading Down 2.9%

Shares of Five Below stock opened at $215.28 on Friday. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $229.33. The company has a market cap of $11.87 billion, a P/E ratio of 38.65, a PEG ratio of 1.70 and a beta of 1.10. The company’s fifty day simple moving average is $202.84 and its two-hundred day simple moving average is $173.14.

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