Pacifica Capital Investments LLC Has $86.07 Million Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Pacifica Capital Investments LLC reduced its position in shares of Five Below, Inc. (NASDAQ:FIVEFree Report) by 7.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 474,528 shares of the specialty retailer’s stock after selling 35,821 shares during the quarter. Five Below comprises 26.5% of Pacifica Capital Investments LLC’s holdings, making the stock its 2nd biggest position. Pacifica Capital Investments LLC’s holdings in Five Below were worth $86,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Junto Capital Management LP acquired a new position in shares of Five Below during the 4th quarter worth about $73,472,000. Norges Bank acquired a new position in shares of Five Below during the 4th quarter worth about $68,825,000. Jennison Associates LLC acquired a new position in shares of Five Below during the 1st quarter worth about $25,114,000. Comerica Bank acquired a new position in shares of Five Below during the 3rd quarter worth about $16,481,000. Finally, Trexquant Investment LP acquired a new position in shares of Five Below during the 4th quarter worth about $10,510,000.

Five Below Trading Down 1.5 %

Shares of Five Below stock traded down $1.49 on Wednesday, reaching $100.94. 1,028,417 shares of the company were exchanged, compared to its average volume of 1,078,856. Five Below, Inc. has a one year low of $100.76 and a one year high of $216.18. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.20 and a beta of 1.19. The company has a 50-day moving average of $124.72 and a 200 day moving average of $163.61.

Five Below (NASDAQ:FIVEGet Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The company had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts predict that Five Below, Inc. will post 5.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Five Below from $210.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Barclays decreased their price objective on Five Below from $214.00 to $176.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Craig Hallum decreased their price objective on Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Truist Financial cut their target price on Five Below from $176.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Finally, Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and cut their target price for the company from $210.00 to $200.00 in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.50.

View Our Latest Report on FIVE

Five Below Profile

(Free Report)

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 d├ęcor, accent furniture, and related items, as well as provides storage options.

See Also

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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