Proficio Capital Partners LLC Acquires New Stake in Five Below, Inc. (NASDAQ:FIVE)

Proficio Capital Partners LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 30,858 shares of the specialty retailer’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp lifted its stake in shares of Five Below by 16.2% in the fourth quarter. M&T Bank Corp now owns 6,933 shares of the specialty retailer’s stock worth $728,000 after buying an additional 968 shares in the last quarter. Cornerstone Investment Partners LLC raised its holdings in Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after acquiring an additional 162 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Five Below by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,271 shares of the specialty retailer’s stock worth $68,567,000 after purchasing an additional 38,983 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Five Below by 304.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,443 shares of the specialty retailer’s stock worth $151,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $267,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Bank of America decreased their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group cut their price target on shares of Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Truist Financial decreased their price objective on Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.16.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Five Below Trading Down 7.8 %

Five Below stock opened at $73.20 on Friday. The firm has a market capitalization of $4.03 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.19 and a beta of 1.11. The stock’s fifty day simple moving average is $86.05 and its 200-day simple moving average is $92.50. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $182.99.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.65 EPS. Sell-side analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.