SRS Capital Advisors Inc. Boosts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

SRS Capital Advisors Inc. lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 304.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,443 shares of the specialty retailer’s stock after purchasing an additional 1,086 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Five Below were worth $151,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brooklyn Investment Group purchased a new position in Five Below in the 3rd quarter valued at approximately $30,000. Proficio Capital Partners LLC purchased a new stake in shares of Five Below during the fourth quarter worth approximately $31,000. UMB Bank n.a. raised its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Five Below in the third quarter worth approximately $42,000. Finally, R Squared Ltd purchased a new stake in shares of Five Below during the 4th quarter worth $68,000.

Insider Activity at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The shares were 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 in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FIVE shares. Wells Fargo & Company increased their price objective on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Mizuho boosted their price objective on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Loop Capital upped their price objective on shares of Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 target price on shares of Five Below in a research report on Tuesday, January 14th. Finally, Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and a consensus target price of $111.32.

Five Below Price Performance

FIVE opened at $85.50 on Thursday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $212.01. The stock has a market capitalization of $4.70 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.19 and a beta of 1.12. The business has a 50 day simple moving average of $94.63 and a 200-day simple moving average of $92.92.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. Research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current year.

About Five Below

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.