Five Below, Inc. (NASDAQ:FIVE) Shares Acquired by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 26.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,672 shares of the specialty retailer’s stock after purchasing an additional 1,174 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Five Below were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock worth $529,792,000 after purchasing an additional 43,537 shares during the period. Wasatch Advisors LP grew its holdings in shares of Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after purchasing an additional 86,271 shares during the period. Marshall Wace LLP grew its holdings in shares of Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the period. Steadfast Capital Management LP purchased a new position in shares of Five Below during the 4th quarter worth $123,601,000. Finally, Giverny Capital Inc. grew its holdings in shares of Five Below by 0.9% during the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer’s stock worth $76,842,000 after purchasing an additional 6,861 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Five Below from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday. Guggenheim lowered their price target on Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 21st. Mizuho increased their price target on Five Below from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. 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. Based on data from MarketBeat.com, Five Below currently has an average rating of “Hold” and a consensus target price of $112.40.

Insider Transactions at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred 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 transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Five Below Stock Performance

Shares of FIVE opened at $127.35 on Friday. The stock has a 50-day simple moving average of $87.34 and a 200-day simple moving average of $90.83. The stock has a market capitalization of $7.01 billion, a PE ratio of 26.26, a PEG ratio of 1.19 and a beta of 1.02. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $137.30.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $970.53 million during the quarter, compared to analysts’ expectations of $966.29 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

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.