Duality Advisers LP Purchases 13,722 Shares of Five Below, Inc. (NASDAQ:FIVE)

Duality Advisers LP raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 756.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,536 shares of the specialty retailer’s stock after acquiring an additional 13,722 shares during the period. Duality Advisers LP’s holdings in Five Below were worth $3,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in Five Below by 4.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,320 shares of the specialty retailer’s stock worth $281,000 after buying an additional 59 shares during the period. Park Place Capital Corp increased its holdings in Five Below by 11.5% in the 3rd quarter. Park Place Capital Corp now owns 641 shares of the specialty retailer’s stock worth $103,000 after buying an additional 66 shares during the period. Kestra Advisory Services LLC increased its holdings in Five Below by 2.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,103 shares of the specialty retailer’s stock worth $499,000 after buying an additional 67 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Five Below by 2.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,270 shares of the specialty retailer’s stock worth $526,000 after buying an additional 71 shares during the period. Finally, Wealth Alliance increased its holdings in Five Below by 3.7% in the 4th quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock worth $446,000 after buying an additional 75 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have commented on FIVE. Gordon Haskett lowered Five Below from a “buy” rating to an “accumulate” rating and lowered their price objective for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Telsey Advisory Group lowered their price objective on Five Below from $230.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price objective on Five Below from $222.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Morgan Stanley lowered their price objective on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Finally, Truist Financial decreased their target price on Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.83.

Five Below Stock Performance

Shares of FIVE traded down $2.80 during midday trading on Monday, hitting $147.49. The company had a trading volume of 276,011 shares, compared to its average volume of 866,793. The company’s 50-day simple moving average is $184.23 and its 200-day simple moving average is $186.00. The firm has a market capitalization of $8.15 billion, a P/E ratio of 27.73, a P/E/G ratio of 1.20 and a beta of 1.19. Five Below, Inc. has a 1 year low of $144.57 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.13). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.07 EPS. Equities analysts predict that Five Below, Inc. will post 6.06 earnings per share for the current fiscal year.

Five Below Company 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.