Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC grew its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 196.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,453 shares of the specialty retailer’s stock after purchasing an additional 199,610 shares during the period. Verition Fund Management LLC’s holdings in Five Below were worth $26,633,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FIVE. Riverbridge Partners LLC lifted its position in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after buying an additional 180,902 shares in the last quarter. Marshall Wace LLP increased its position in shares of Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after acquiring an additional 207,083 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after acquiring an additional 167,330 shares in the last quarter.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $93.01 on Friday. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The company has a 50-day simple moving average of $90.60 and a 200-day simple moving average of $96.08. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.02 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. As a group, research analysts forecast that Five Below, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on FIVE shares. Mizuho restated a “neutral” rating and set a $85.00 price target on shares of Five Below in a report on Thursday, October 3rd. Melius Research initiated coverage on shares of Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 target price on the stock. Truist Financial lifted their price target on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Telsey Advisory Group lowered shares of Five Below from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $102.00 to $95.00 in a report on Monday. Finally, Evercore ISI lifted their price objective on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $106.05.

Five Below 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.