Peregrine Capital Management LLC Purchases 6,283 Shares of Five Below, Inc. (NASDAQ:FIVE)

Peregrine Capital Management LLC raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 11.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,932 shares of the specialty retailer’s stock after purchasing an additional 6,283 shares during the quarter. Peregrine Capital Management LLC owned 0.11% of Five Below worth $6,749,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Five Below during the 4th quarter valued at about $26,000. Rise Advisors LLC purchased a new position in shares of Five Below in the first quarter worth approximately $28,000. Quest Partners LLC purchased a new position in shares of Five Below in the fourth quarter worth approximately $37,000. Parallel Advisors LLC boosted its holdings in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Finally, McClarren Financial Advisors Inc. boosted its holdings in shares of Five Below by 18,100.0% in the first quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock worth $330,000 after buying an additional 181 shares during the last quarter.

Five Below Stock Performance

FIVE stock traded down $2.81 during mid-day trading on Friday, reaching $75.43. 2,446,788 shares of the stock traded hands, compared to its average volume of 1,384,593. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The stock has a market capitalization of $4.15 billion, a PE ratio of 14.18, a PEG ratio of 0.87 and a beta of 1.19. The business has a 50-day moving average price of $85.03 and a two-hundred day moving average price of $133.96.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts expect that Five Below, Inc. will post 4.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. KeyCorp dropped their price objective on shares of Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday. Craig Hallum raised shares of Five Below from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $108.00 to $102.00 in a report on Thursday. StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. William Blair downgraded shares of Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Finally, Truist Financial reaffirmed a “hold” rating and set a $89.00 price target on shares of Five Below in a report on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average price target of $109.63.

About Five Below

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.