Headlands Technologies LLC Purchases New Stake in Five Below, Inc. (NASDAQ:FIVE)

Headlands Technologies LLC acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, HoldingsChannel reports. The fund acquired 9,132 shares of the specialty retailer’s stock, valued at approximately $958,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Five Below during the 4th quarter worth $8,489,000. National Bank of Canada FI lifted its stake in shares of Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after purchasing an additional 47,940 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of Five Below in the third quarter worth about $522,000. Empirical Capital Management LLC acquired a new stake in shares of Five Below in the third quarter valued at about $2,651,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Five Below by 52.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock valued at $2,401,000 after buying an additional 9,336 shares during the period.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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 $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on FIVE. The Goldman Sachs Group decreased their price target on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 21st. 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. Wells Fargo & Company boosted their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Barclays lowered their target price on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Finally, StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Hold” and an average target price of $101.42.

Five Below Trading Up 6.6 %

FIVE opened at $81.49 on Thursday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $170.34. The stock has a market cap of $4.49 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The business’s 50 day moving average is $85.12 and its 200-day moving average is $92.24.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion for 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 firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.65 EPS. As a group, analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

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.