Cinctive Capital Management LP Has $6.87 Million Holdings in Five Below, Inc. $FIVE

Cinctive Capital Management LP lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,383 shares of the specialty retailer’s stock after selling 6,798 shares during the quarter. Cinctive Capital Management LP’s holdings in Five Below were worth $6,866,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FIVE. NewEdge Advisors LLC boosted its holdings in shares of Five Below by 143.0% during the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 645 shares during the period. United Services Automobile Association acquired a new position in Five Below in the 1st quarter valued at approximately $268,000. Empowered Funds LLC acquired a new position in Five Below in the 1st quarter valued at approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Five Below by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock worth $13,825,000 after buying an additional 21,625 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in Five Below by 63.8% in the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after buying an additional 1,503 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on FIVE. Mizuho boosted their price target on shares of Five Below from $165.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Barclays increased their price objective on Five Below from $193.00 to $211.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. Jefferies Financial Group lifted their price objective on Five Below from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Craig Hallum restated a “buy” rating on shares of Five Below in a research note on Friday, January 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Five Below in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.75.

Five Below Trading Down 3.1%

NASDAQ FIVE opened at $210.36 on Friday. The company has a market cap of $11.60 billion, a P/E ratio of 37.77, a P/E/G ratio of 1.61 and a beta of 1.10. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $229.33. The company has a fifty day simple moving average of $205.62 and a 200 day simple moving average of $176.02.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total value of $1,709,775.00. Following the sale, the chief accounting officer directly owned 45,724 shares of the company’s stock, valued at approximately $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kenneth R. Bull sold 5,100 shares of Five Below stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $203.21, for a total value of $1,036,371.00. Following the completion of the transaction, the chief operating officer owned 101,040 shares in the company, valued at $20,532,338.40. The trade was a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,725 shares of company stock valued at $3,536,020 in the last quarter. Insiders own 1.90% of the company’s stock.

Five Below 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.