Visionary Asset Management Inc. bought a new position in shares of Five Below Inc (NASDAQ:FIVE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,386 shares of the specialty retailer’s stock, valued at approximately $244,000.

Other hedge funds have also bought and sold shares of the company. Prudential Financial Inc. grew its stake in shares of Five Below by 75.5% in the 3rd quarter. Prudential Financial Inc. now owns 160,132 shares of the specialty retailer’s stock valued at $20,827,000 after buying an additional 68,887 shares during the period. GWM Advisors LLC acquired a new stake in shares of Five Below in the 3rd quarter valued at about $396,000. Pacer Advisors Inc. grew its stake in shares of Five Below by 14.6% in the 3rd quarter. Pacer Advisors Inc. now owns 20,171 shares of the specialty retailer’s stock valued at $2,623,000 after buying an additional 2,575 shares during the period. Private Advisor Group LLC grew its stake in shares of Five Below by 44.9% in the 3rd quarter. Private Advisor Group LLC now owns 12,432 shares of the specialty retailer’s stock valued at $1,617,000 after buying an additional 3,853 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of Five Below in the 3rd quarter valued at about $184,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:FIVE opened at $117.57 on Friday. The company has a market capitalization of $6.67 billion, a P/E ratio of 65.68, a P/E/G ratio of 1.54 and a beta of 0.56. Five Below Inc has a 12 month low of $60.00 and a 12 month high of $136.13.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $312.82 million for the quarter, compared to analysts’ expectations of $303.54 million. Five Below had a net margin of 8.74% and a return on equity of 24.58%. On average, analysts expect that Five Below Inc will post 2.58 earnings per share for the current fiscal year.

In other Five Below news, insider David N. Makuen sold 12,000 shares of the business’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the sale, the insider now owns 20,863 shares of the company’s stock, valued at approximately $2,429,079.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Sargent sold 31,500 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $97.60, for a total transaction of $3,074,400.00. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

FIVE has been the subject of a number of analyst reports. Telsey Advisory Group initiated coverage on Five Below in a research note on Wednesday, October 24th. They set a “market perform” rating and a $120.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Five Below from $150.00 to $153.00 and gave the stock an “overweight” rating in a research note on Monday, September 24th. BidaskClub downgraded Five Below from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 20th. Loop Capital cut their target price on Five Below to $110.00 and set a “hold” rating on the stock in a research note on Tuesday, November 27th. Finally, Dougherty & Co upgraded Five Below from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Monday, November 26th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $121.24.

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Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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