Proficio Capital Partners LLC Purchases Shares of 30,858 Five Below, Inc. (NASDAQ:FIVE)

Proficio Capital Partners LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,858 shares of the specialty retailer’s stock, valued at approximately $31,000. Proficio Capital Partners LLC owned about 0.06% of Five Below as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. M&T Bank Corp boosted its stake in Five Below by 16.2% in the fourth quarter. M&T Bank Corp now owns 6,933 shares of the specialty retailer’s stock valued at $728,000 after acquiring an additional 968 shares in the last quarter. Cornerstone Investment Partners LLC boosted its position in shares of Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 162 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Five Below by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,271 shares of the specialty retailer’s stock worth $68,567,000 after buying an additional 38,983 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in Five Below by 304.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,443 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 1,086 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in Five Below in the fourth quarter worth about $267,000.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value 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 trade represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $45,575.36. Following the completion of 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 position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $73.20 on Friday. 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. The company’s fifty day moving average price is $86.05 and its 200 day moving average price is $92.50. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $182.99.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $3.65 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group decreased 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 report on Friday, March 21st. 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. Telsey Advisory Group cut their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 18th. Craig Hallum raised their target price on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup boosted their price target on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.