2,919 Shares in Five Below, Inc. (NASDAQ:FIVE) Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,919 shares of the specialty retailer’s stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FIVE. Proficio Capital Partners LLC bought a new stake in shares of Five Below during the 4th quarter worth approximately $31,000. UMB Bank n.a. lifted its position in shares of Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the third quarter valued at $42,000. EverSource Wealth Advisors LLC grew its holdings in shares of Five Below by 2,936.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Five Below in the 4th quarter worth about $68,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FIVE shares. Truist Financial dropped their target price on shares of Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Loop Capital reduced their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. Evercore ISI lowered their target price on Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. The Goldman Sachs Group cut their price target on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Bank of America lowered their price objective on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Five Below presently has an average rating of “Hold” and an average price target of $99.05.

Five Below Stock Up 7.2 %

FIVE opened at $60.88 on Tuesday. The firm’s 50-day moving average price is $82.97 and its 200-day moving average price is $91.32. The company has a market cap 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. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $164.05.

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

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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.