Interval Partners LP Purchases Shares of 70,000 Five Below, Inc. (NASDAQ:FIVE)

Interval Partners LP acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 70,000 shares of the specialty retailer’s stock, valued at approximately $7,347,000.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in Five Below during the fourth quarter worth approximately $31,000. UMB Bank n.a. raised its holdings in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the 3rd quarter worth approximately $42,000. Coppell Advisory Solutions LLC lifted its position in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after buying an additional 253 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 558 shares in the last quarter.

Wall Street Analyst Weigh In

FIVE has been the topic of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. DA Davidson dropped their price objective on Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. UBS Group cut their target price on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group dropped their price target on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $97.25.

Five Below Stock Down 0.9%

Shares of NASDAQ:FIVE opened at $85.25 on Monday. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $145.00. The company has a 50-day moving average price of $73.04 and a 200 day moving average price of $87.53. The company has a market cap of $4.69 billion, a P/E ratio of 17.58, a PEG ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $3.65 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred 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 in the company, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.