HighTower Advisors LLC Has $732,000 Position in Five Below, Inc. (NASDAQ:FIVE)

HighTower Advisors LLC increased its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,970 shares of the specialty retailer’s stock after buying an additional 1,504 shares during the quarter. HighTower Advisors LLC’s holdings in Five Below were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. Atreides Management LP acquired a new stake in Five Below in the 3rd quarter valued at about $68,649,000. Two Sigma Advisers LP acquired a new stake in shares of Five Below during the third quarter worth about $64,981,000. Holocene Advisors LP bought a new stake in shares of Five Below in the third quarter valued at about $38,829,000. Wellington Management Group LLP raised its holdings in shares of Five Below by 1,042.4% in the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after purchasing an additional 356,776 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Five Below by 1,094.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock valued at $32,349,000 after acquiring an additional 335,493 shares in the last quarter.

Five Below Stock Performance

NASDAQ FIVE opened at $73.20 on Friday. The company has a 50-day simple moving average of $86.05 and a 200 day simple moving average of $92.50. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $182.99. The company has a market capitalization of $4.03 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

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

Analyst Ratings Changes

A number of research firms recently weighed in on FIVE. Loop Capital dropped their price target on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Barclays cut their price target on Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Citigroup raised their price target on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. Finally, Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Five Below currently has a consensus rating of “Hold” and a consensus price target of $102.16.

Insider Activity at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Eric M. Specter sold 5,494 shares of the firm’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 sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $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. 1.90% of the stock is currently owned by company insiders.

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.