Water Island Capital LLC bought a new position in Five Below Inc (NASDAQ:FIVE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,790 shares of the specialty retailer’s stock, valued at approximately $968,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Five Below by 1.8% in the fourth quarter. BlackRock Inc. now owns 6,691,838 shares of the specialty retailer’s stock worth $684,706,000 after buying an additional 116,413 shares during the period. Vanguard Group Inc boosted its position in shares of Five Below by 5.4% in the third quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after buying an additional 261,259 shares during the period. Congress Asset Management Co. MA boosted its position in shares of Five Below by 633.8% in the fourth quarter. Congress Asset Management Co. MA now owns 856,355 shares of the specialty retailer’s stock worth $87,622,000 after buying an additional 739,646 shares during the period. Macquarie Group Ltd. boosted its position in shares of Five Below by 47.6% in the fourth quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock worth $79,855,000 after buying an additional 251,655 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in shares of Five Below by 16.1% in the fourth quarter. 1832 Asset Management L.P. now owns 737,100 shares of the specialty retailer’s stock worth $73,594,000 after buying an additional 102,300 shares during the period. 95.76% of the stock is owned by institutional investors.

In other Five Below news, CEO Joel D. Anderson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the sale, the chief executive officer now owns 192,174 shares in the company, valued at $25,186,324.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen S. Barclay sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $140.86, for a total value of $352,150.00. Following the sale, the director now owns 13,135 shares in the company, valued at approximately $1,850,196.10. The disclosure for this sale can be found here. Insiders have sold 55,381 shares of company stock worth $7,344,004 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on FIVE shares. BidaskClub downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine downgraded Five Below from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Bank of America started coverage on Five Below in a report on Monday, April 15th. They issued a “buy” rating and a $150.00 price target for the company. Zacks Investment Research downgraded Five Below from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, Buckingham Research increased their price target on Five Below from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $129.10.

FIVE traded down $1.37 on Wednesday, reaching $126.17. The company’s stock had a trading volume of 6,567 shares, compared to its average volume of 898,068. Five Below Inc has a 1 year low of $69.96 and a 1 year high of $148.21. The company has a market capitalization of $7.05 billion, a P/E ratio of 49.19, a P/E/G ratio of 1.43 and a beta of 0.67.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.01. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The firm had revenue of $602.68 million for the quarter, compared to analysts’ expectations of $601.53 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Five Below’s revenue for the quarter was up 19.4% compared to the same quarter last year. Sell-side analysts anticipate that Five Below Inc will post 3.06 earnings per share for the current year.

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About Five Below

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 nail polishes, lip glosses, fragrances, 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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