Proficio Capital Partners LLC Makes New Investment in Five Below, Inc. $FIVE

Proficio Capital Partners LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,903 shares of the specialty retailer’s stock, valued at approximately $702,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Five Below in the 2nd quarter worth approximately $31,000. Advisory Services Network LLC purchased a new stake in Five Below during the 3rd quarter worth about $32,000. Bayban acquired a new position in shares of Five Below in the fourth quarter valued at approximately $34,000. Elevation Wealth Partners LLC boosted its holdings in shares of Five Below by 966.7% during the second quarter. Elevation Wealth Partners LLC now owns 192 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 174 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in Five Below in the third quarter valued at $40,000.

Five Below Trading Down 0.7%

Shares of Five Below stock opened at $245.08 on Wednesday. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.28 and a beta of 0.99. Five Below, Inc. has a twelve month low of $137.77 and a twelve month high of $263.88. The business’s 50 day simple moving average is $214.60 and its 200-day simple moving average is $217.04.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 3rd. The specialty retailer reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.45. Five Below had a net margin of 8.67% and a return on equity of 21.31%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. Sell-side analysts predict that Five Below, Inc. will post 9.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FIVE shares. Truist Financial raised their target price on shares of Five Below from $265.00 to $273.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. BMO Capital Markets initiated coverage on shares of Five Below in a research report on Tuesday, July 21st. They issued an “outperform” rating for the company. KeyCorp reiterated a “sector weight” rating on shares of Five Below in a report on Thursday, June 4th. Craig Hallum lifted their price target on shares of Five Below from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, BNP Paribas Exane lowered Five Below from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Five Below has a consensus rating of “Moderate Buy” and an average price target of $267.45.

Five Below 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.