Five Below, Inc. $FIVE Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 40.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,223 shares of the specialty retailer’s stock after purchasing an additional 16,008 shares during the period. Picton Mahoney Asset Management owned 0.10% of Five Below worth $8,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. CI Investments Inc. boosted its holdings in Five Below by 44.3% in the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Five Below by 9.9% during the third quarter. EverSource Wealth Advisors LLC now owns 830 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 75 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Five Below by 4.5% in the third quarter. Ballentine Partners LLC now owns 1,858 shares of the specialty retailer’s stock valued at $287,000 after acquiring an additional 80 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Five Below by 22.6% in the third quarter. Clearstead Advisors LLC now owns 516 shares of the specialty retailer’s stock worth $80,000 after acquiring an additional 95 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Five Below by 0.8% during the second quarter. State of Michigan Retirement System now owns 13,222 shares of the specialty retailer’s stock worth $1,734,000 after purchasing an additional 100 shares in the last quarter.

Five Below Stock Performance

FIVE stock opened at $220.52 on Thursday. Five Below, Inc. has a one year low of $52.38 and a one year high of $229.33. The firm has a market cap of $12.16 billion, a PE ratio of 39.59, a PEG ratio of 1.70 and a beta of 1.10. The firm’s 50 day moving average price is $201.66 and its 200-day moving average price is $172.28.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.46. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $971.96 million. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the topic of several recent research reports. Barclays lifted their target price on shares of Five Below from $160.00 to $193.00 and gave the stock a “positive” rating in a research note on Thursday, January 8th. Sanford C. Bernstein restated a “market perform” rating and set a $206.00 price target on shares of Five Below in a research report on Monday, February 9th. Telsey Advisory Group upped their price objective on shares of Five Below from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Jefferies Financial Group increased their price objective on shares of Five Below from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Evercore boosted their target price on Five Below from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Five Below presently has an average rating of “Moderate Buy” and an average target price of $204.85.

Insider Activity

In other news, insider Maureen Marie Gellerman sold 544 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $174.38, for a total value of $94,862.72. Following the transaction, the insider directly owned 12,163 shares in the company, valued at approximately $2,120,983.94. This represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen S. Barclay sold 2,200 shares of Five Below stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $182.03, for a total transaction of $400,466.00. Following the completion of the sale, the director owned 9,214 shares of the company’s stock, valued at $1,677,224.42. This trade represents a 19.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 50,769 shares of company stock worth $9,365,308. 1.90% of the stock is currently owned by corporate insiders.

About Five Below

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.