Lisanti Capital Growth LLC Acquires 14,305 Shares of Five Below, Inc. $FIVE

Lisanti Capital Growth LLC raised its holdings in Five Below, Inc. (NASDAQ:FIVE) by 48.4% during the 4th quarter, Holdings Channel reports. The firm owned 43,844 shares of the specialty retailer’s stock after buying an additional 14,305 shares during the quarter. Five Below makes up about 2.0% of Lisanti Capital Growth LLC’s holdings, making the stock its 4th largest holding. Lisanti Capital Growth LLC’s holdings in Five Below were worth $8,258,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in Five Below by 397.5% in the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after purchasing an additional 654,763 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in Five Below in the third quarter valued at approximately $866,000. Estate Counselors LLC acquired a new stake in Five Below in the third quarter valued at approximately $3,755,000. AGF Management Ltd. acquired a new stake in Five Below in the third quarter valued at approximately $7,304,000. Finally, Caprock Group LLC acquired a new stake in Five Below in the third quarter valued at approximately $2,346,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group raised their price objective on Five Below from $255.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Craig Hallum reissued a “buy” rating and issued a $246.00 price objective on shares of Five Below in a report on Tuesday, March 17th. BNP Paribas Exane raised their price objective on Five Below from $189.00 to $262.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Finally, Bank of America lifted their price target on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Five Below currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.60.

Five Below Stock Performance

Shares of FIVE opened at $219.50 on Friday. Five Below, Inc. has a one year low of $105.11 and a one year high of $251.63. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.64 and a beta of 1.00. The stock has a 50 day moving average price of $225.26 and a 200 day moving average price of $200.80.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, topping the consensus estimate of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business earned $3.48 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, analysts predict that Five Below, Inc. will post 8.16 earnings per share for the current year.

Insider Activity at Five Below

In related news, COO Kenneth R. Bull sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the sale, the chief operating officer directly owned 92,531 shares in the company, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Sargent sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the sale, the director owned 83,674 shares of the company’s stock, valued at $19,352,122.72. The trade was a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.96% of the stock is currently owned by insiders.

Five Below Company Profile

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.