Cinctive Capital Management LP Buys 25,305 Shares of Five Below, Inc. (NASDAQ:FIVE)

Cinctive Capital Management LP lifted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,480 shares of the specialty retailer’s stock after buying an additional 25,305 shares during the period. Cinctive Capital Management LP’s holdings in Five Below were worth $9,077,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIVE. UMB Bank n.a. increased its holdings in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below during the third quarter worth about $42,000. EverSource Wealth Advisors LLC increased its stake in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 558 shares during the period. R Squared Ltd bought a new position in Five Below in the 4th quarter valued at approximately $68,000. Finally, GAMMA Investing LLC grew its holdings in Five Below by 149.1% during the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 814 shares during the last quarter.

Five Below Trading Up 2.1 %

Shares of NASDAQ:FIVE opened at $76.48 on Wednesday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $177.55. The stock has a market cap of $4.21 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The stock’s fifty day simple moving average is $85.35 and its two-hundred day simple moving average is $92.31.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.65 EPS. On average, sell-side analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Evercore ISI lowered their price target on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday. Mizuho reduced their price objective on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Craig Hallum lifted their target price on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Bank of America cut their price target on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $101.42.

Five Below Profile

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.