Versant Capital Management Inc Makes New $129,000 Investment in Five Below, Inc. (NASDAQ:FIVE)

Versant Capital Management Inc acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,727 shares of the specialty retailer’s stock, valued at approximately $129,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Five Below during the 4th quarter worth about $8,489,000. Schonfeld Strategic Advisors LLC grew its stake in Five Below by 7,542.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer’s stock worth $30,160,000 after buying an additional 283,591 shares during the last quarter. Prudential Financial Inc. grew its stake in Five Below by 236.1% during the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock worth $1,201,000 after buying an additional 8,035 shares during the last quarter. KBC Group NV increased its holdings in shares of 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 buying an additional 496 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Five Below in the fourth quarter valued at approximately $31,000.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $117.51 on Tuesday. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $141.70. The firm has a market capitalization of $6.47 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.19 and a beta of 0.87. The company’s 50 day simple moving average is $83.44 and its 200 day simple moving average is $89.81.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on FIVE shares. Wall Street Zen upgraded Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Mizuho decreased their target price on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. UBS Group decreased their price objective on shares of Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, Loop Capital upped their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $100.70.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred 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 $987,830.32. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

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.