Bayesian Capital Management LP Acquires Shares of 3,115 Five Below, Inc. (NASDAQ:FIVE)

Bayesian Capital Management LP acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, Holdings Channel.com reports. The firm acquired 3,115 shares of the specialty retailer’s stock, valued at approximately $327,000.

Several other institutional investors have also modified their holdings of FIVE. Raymond James Financial Inc. purchased a new stake in Five Below during the 4th quarter worth about $8,489,000. Gateway Investment Advisers LLC lifted its stake in Five Below by 691.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer’s stock worth $2,655,000 after purchasing an additional 22,102 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in Five Below by 7,542.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer’s stock valued at $30,160,000 after purchasing an additional 283,591 shares in the last quarter. Prudential Financial Inc. increased its stake in Five Below by 236.1% in the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock valued at $1,201,000 after purchasing an additional 8,035 shares during the last quarter. Finally, KBC Group NV raised its holdings in Five Below by 30.4% during the fourth quarter. KBC Group NV now owns 2,126 shares of the specialty retailer’s stock worth $223,000 after purchasing an additional 496 shares in the last quarter.

Five Below Price Performance

FIVE opened at $82.20 on Thursday. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $145.95. The business has a 50 day simple moving average of $72.95 and a 200-day simple moving average of $87.62. The stock has a market capitalization of $4.53 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE) last issued 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $3.65 earnings per share. Research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Evercore ISI dropped their target price on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Mizuho dropped their price objective on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Bank of America reduced their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a report on Thursday, March 20th. Telsey Advisory Group raised their price target on Five Below from $85.00 to $90.00 and gave the stock a “market perform” rating in a research note on Friday, May 2nd. Finally, 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 report on Thursday, March 20th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.25.

Insider Buying and Selling at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were 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 in the company, valued at $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Five Below Company 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.