Pacifica Capital Investments LLC Grows Stake in Five Below, Inc. (NASDAQ:FIVE)

Pacifica Capital Investments LLC increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 658,553 shares of the specialty retailer’s stock after purchasing an additional 77,483 shares during the period. Five Below accounts for 22.3% of Pacifica Capital Investments LLC’s holdings, making the stock its 2nd biggest holding. Pacifica Capital Investments LLC owned about 1.20% of Five Below worth $69,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Gradient Investments LLC boosted its stake in Five Below by 0.7% in the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after acquiring an additional 111 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in Five Below by 3.5% in the fourth 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 in the last quarter. UMB Bank n.a. boosted its stake 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. Summit Creek Advisors LLC boosted its stake 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 valued at $10,231,000 after acquiring an additional 311 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Five Below in the third quarter valued at approximately $30,000.

Insider Buying and Selling

In related 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 completion of the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Five Below Stock Performance

Shares of Five Below stock opened at $76.24 on Monday. The firm has a 50-day simple moving average of $87.76 and a two-hundred day simple moving average of $92.76. The company has a market cap of $4.19 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $185.48.

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

Wall Street Analysts Forecast Growth

FIVE has been the subject of several research reports. Loop Capital lowered their price objective on shares of Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group lowered 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. UBS Group lowered their price objective on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial lowered their price objective on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Citigroup lifted their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $102.16.

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.