11,000 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by WT Asset Management Ltd

WT Asset Management Ltd bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, Holdings Channel.com reports. The fund bought 11,000 shares of the specialty retailer’s stock, valued at approximately $1,155,000.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Five Below during the 2nd quarter valued at $1,291,000. SG Americas Securities LLC purchased a new position in Five Below during the 3rd quarter valued at about $501,000. Partnership Wealth Management LLC increased its position in shares of Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares during the period. Patten Group Inc. lifted its holdings in shares of Five Below by 81.9% in the third quarter. Patten Group Inc. now owns 5,510 shares of the specialty retailer’s stock worth $487,000 after buying an additional 2,481 shares in the last quarter. Finally, Paladin Wealth LLC bought a new position in shares of Five Below in the third quarter valued at approximately $26,000.

Analyst Ratings Changes

A number of analysts recently weighed in on FIVE shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 target price on shares of Five Below in a report on Tuesday, January 14th. StockNews.com downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. reduced their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Truist Financial upped their target price on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Five Below has an average rating of “Hold” and an average target price of $111.32.

Five Below Stock Up 2.1 %

NASDAQ FIVE opened at $94.25 on Wednesday. The company has a 50-day simple moving average of $100.93 and a two-hundred day simple moving average of $90.31. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.28 and a beta of 1.13.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. Equities analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.90% of the company’s stock.

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.