Natixis Advisors L.P. grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 366.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,182 shares of the specialty retailer’s stock after purchasing an additional 46,486 shares during the period. Natixis Advisors L.P. owned approximately 0.11% of Five Below worth $10,468,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Five Below by 63.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,661,903 shares of the specialty retailer’s stock valued at $228,795,000 after buying an additional 644,271 shares during the last quarter. Armistice Capital LLC purchased a new position in shares of Five Below in the 3rd quarter worth about $76,163,000. Wasatch Advisors Inc. boosted its stake in Five Below by 21.4% in the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after purchasing an additional 471,349 shares in the last quarter. Riverbridge Partners LLC grew its position in Five Below by 14.8% during the 3rd quarter. Riverbridge Partners LLC now owns 1,625,892 shares of the specialty retailer’s stock valued at $223,837,000 after purchasing an additional 209,684 shares during the last quarter. Finally, Mane Global Capital Management LP purchased a new position in Five Below in the third quarter worth about $28,851,000.
Insider Buying and Selling at Five Below
In other Five Below news, insider George Hill sold 2,568 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $200.34, for a total transaction of $514,473.12. Following the completion of the transaction, the insider now owns 24,398 shares of the company’s stock, valued at approximately $4,887,895.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Five Below news, insider George Hill sold 2,568 shares of Five Below stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $200.34, for a total value of $514,473.12. Following the sale, the insider now owns 24,398 shares of the company’s stock, valued at approximately $4,887,895.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald Sargent sold 9,800 shares of the company’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $206.29, for a total value of $2,021,642.00. Following the sale, the director now directly owns 5,230 shares in the company, valued at $1,078,896.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,632 shares of company stock worth $3,398,933. Insiders own 1.90% of the company’s stock.
Five Below Trading Down 1.9 %
Five Below (NASDAQ:FIVE – Get Rating) last posted its quarterly earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 earnings per share for the quarter, hitting the consensus estimate of $3.07. Five Below had a return on equity of 21.69% and a net margin of 8.50%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $2.49 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, research analysts predict that Five Below, Inc. will post 5.6 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Five Below from $234.00 to $238.00 in a research report on Thursday, March 16th. Barclays initiated coverage on Five Below in a research note on Tuesday, February 7th. They issued an “overweight” rating and a $219.00 price target for the company. TheStreet raised Five Below from a “c+” rating to a “b” rating in a research report on Wednesday, March 15th. Oppenheimer reissued an “outperform” rating on shares of Five Below in a research report on Friday, March 17th. Finally, StockNews.com upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research note on Friday, March 24th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and an average target price of $209.21.
About Five Below
Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.
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