Trexquant Investment LP Purchases New Shares in Five Below, Inc. (NASDAQ:FIVE)

Trexquant Investment LP acquired a new position in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 153,597 shares of the specialty retailer’s stock, valued at approximately $16,122,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. Headlands Technologies LLC bought a new position in shares of Five Below in the fourth quarter valued at approximately $958,000. Alliancebernstein L.P. grew its stake in Five Below by 487.0% in the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer’s stock valued at $59,480,000 after purchasing an additional 470,150 shares during the period. California Public Employees Retirement System increased its position in shares of Five Below by 11.7% during the 4th quarter. California Public Employees Retirement System now owns 83,278 shares of the specialty retailer’s stock valued at $8,741,000 after purchasing an additional 8,742 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Five Below by 9.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,661 shares of the specialty retailer’s stock worth $804,000 after purchasing an additional 676 shares during the period. Finally, Norges Bank purchased a new position in shares of Five Below in the 4th quarter worth about $66,933,000.

Five Below Price Performance

Shares of Five Below stock 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 firm has a market cap of $4.21 billion, a PE ratio of 15.77, a PEG ratio of 1.19 and a beta of 1.11. The company has a 50 day simple moving average of $85.35 and a two-hundred day simple moving average of $92.31.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on FIVE. Guggenheim decreased their price objective on shares of Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 21st. Evercore ISI decreased 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 research note on Tuesday. Loop Capital dropped their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company boosted their target price on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Five Below presently has a consensus rating of “Hold” and a consensus target price of $101.42.

Insider Transactions at Five Below

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

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.