Interval Partners LP Has $34.66 Million Position in Five Below, Inc. $FIVE

Interval Partners LP cut its position in Five Below, Inc. (NASDAQ:FIVE) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,038 shares of the specialty retailer’s stock after selling 32,313 shares during the quarter. Interval Partners LP owned 0.41% of Five Below worth $34,659,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Eastern Bank grew its holdings in Five Below by 705.0% during the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 141 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Five Below during the second quarter valued at $26,000. CI Investments Inc. raised its stake in shares of Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 74 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Five Below during the third quarter worth $40,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Five Below in the third quarter worth $40,000.

Insider Transactions at Five Below

In other news, COO Kenneth R. Bull sold 1,925 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $202.29, for a total transaction of $389,408.25. Following the completion of the sale, the chief operating officer owned 99,115 shares of the company’s stock, valued at $20,049,973.35. This trade represents a 1.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Eric M. Specter sold 8,500 shares of Five Below stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the completion of the sale, the chief accounting officer owned 45,724 shares of the company’s stock, valued at $9,197,382.60. This represents a 15.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,725 shares of company stock valued at $3,536,020 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FIVE shares. Citigroup increased their price objective on Five Below from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Wall Street Zen downgraded Five Below from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Morgan Stanley upped their price target on Five Below from $190.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Five Below in a research note on Thursday, January 22nd. Finally, UBS Group set a $255.00 price objective on Five Below in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $205.75.

Five Below Price Performance

NASDAQ FIVE opened at $210.36 on Friday. The stock has a market capitalization of $11.60 billion, a P/E ratio of 37.77, a P/E/G ratio of 1.66 and a beta of 1.10. The business has a 50 day simple moving average of $205.62 and a 200 day simple moving average of $175.79. Five Below, Inc. has a one year low of $52.38 and a one year high of $229.33.

Five Below Company Profile

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.