Pictet Asset Management Holding SA Buys 676 Shares of Five Below, Inc. (NASDAQ:FIVE)

Pictet Asset Management Holding SA lifted its stake in Five Below, Inc. (NASDAQ:FIVE) by 9.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,661 shares of the specialty retailer’s stock after acquiring an additional 676 shares during the period. Pictet Asset Management Holding SA’s holdings in Five Below were worth $804,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FIVE. Norges Bank acquired a new position in Five Below in the 4th quarter valued at approximately $66,933,000. WINTON GROUP Ltd bought a new stake in shares of Five Below during the fourth quarter valued at approximately $2,427,000. Prudential Financial Inc. increased its position in shares of Five Below by 236.1% during the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock valued at $1,201,000 after purchasing an additional 8,035 shares during the period. Pacifica Capital Investments LLC raised its stake in shares of Five Below by 13.3% in the fourth quarter. Pacifica Capital Investments LLC now owns 658,553 shares of the specialty retailer’s stock valued at $69,122,000 after purchasing an additional 77,483 shares in the last quarter. Finally, Summit Creek Advisors LLC lifted its position in Five Below by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 97,479 shares of the specialty retailer’s stock worth $10,231,000 after purchasing an additional 311 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIVE shares. The Goldman Sachs Group dropped their price objective on shares of Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Mizuho dropped their price target on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Guggenheim decreased their price objective on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Truist Financial cut their target price on Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Five Below has an average rating of “Hold” and an average price target of $99.05.

Insiders Place Their Bets

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

Five Below Price Performance

FIVE opened at $60.88 on Tuesday. The stock has a market capitalization of $3.35 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. The company’s 50 day simple moving average is $82.97 and its 200-day simple moving average is $91.32. Five Below, Inc. has a one year low of $52.38 and a one year high of $164.05.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $3.65 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts anticipate that Five Below, Inc. will post 4.93 EPS 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.