3,409 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,409 shares of the specialty retailer’s stock, valued at approximately $358,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIVE. Brooklyn Investment Group bought a new position in Five Below in the 3rd quarter valued at approximately $30,000. Proficio Capital Partners LLC bought a new position in Five Below in the 4th quarter valued at approximately $31,000. UMB Bank n.a. lifted its stake in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Five Below in the 3rd quarter valued at approximately $42,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 558 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FIVE shares. William Blair reissued a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research note on Thursday. UBS Group dropped their price target on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial dropped their price target on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Telsey Advisory Group dropped their price target on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Five Below presently has an average rating of “Hold” and a consensus target price of $102.16.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Five Below Trading Up 0.2 %

NASDAQ:FIVE opened at $76.24 on Friday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11. The firm has a fifty day simple moving average of $87.76 and a two-hundred day simple moving average of $92.63. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $185.48.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $3.65 earnings per share. Equities analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.