PDT Partners LLC Invests $315,000 in Five Below, Inc. (NASDAQ:FIVE)

PDT Partners LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,000 shares of the specialty retailer’s stock, valued at approximately $315,000.

Several other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in Five Below during the 4th quarter worth about $31,000. UMB Bank n.a. raised its holdings 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 valued at $35,000 after acquiring an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below in the 3rd quarter valued at approximately $42,000. Coppell Advisory Solutions LLC boosted its stake in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares in the last quarter.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by insiders.

Five Below Stock Up 11.9 %

Shares of Five Below stock opened at $84.31 on Friday. Five Below, Inc. has a 12-month low of $52.38 and a 12-month high of $147.64. The stock has a 50 day moving average price of $73.30 and a two-hundred day moving average price of $87.89. The stock has a market capitalization of $4.64 billion, a P/E ratio of 17.38, a PEG ratio of 1.19 and a beta of 0.87.

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, beating analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $3.65 EPS. Sell-side analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

FIVE has been the subject of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Guggenheim decreased their price objective on Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a report on Friday. Truist Financial decreased their price target on shares of Five Below from $86.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group dropped their price objective on shares of Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average price target of $95.70.

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.