Fox Run Management L.L.C. Buys 5,240 Shares of Five Below, Inc. (NASDAQ:FIVE)

Fox Run Management L.L.C. boosted its stake in Five Below, Inc. (NASDAQ:FIVE) by 180.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,142 shares of the specialty retailer’s stock after purchasing an additional 5,240 shares during the quarter. Fox Run Management L.L.C.’s holdings in Five Below were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new position in Five Below during the fourth quarter valued at approximately $1,218,000. American Century Companies Inc. boosted its holdings in Five Below by 869.2% in the 4th quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer’s stock valued at $20,747,000 after purchasing an additional 177,269 shares during the period. Blueshift Asset Management LLC grew its position in shares of Five Below by 730.6% during the 4th quarter. Blueshift Asset Management LLC now owns 46,820 shares of the specialty retailer’s stock valued at $4,914,000 after purchasing an additional 41,183 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Five Below in the fourth quarter worth $358,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Five Below in the fourth quarter worth $440,000.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FIVE shares. Truist Financial dropped their price objective on Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Telsey Advisory Group dropped their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, March 18th. Citigroup lifted their price objective on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Mizuho dropped their price objective on Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and a consensus price target of $102.16.

Five Below Trading Up 0.2 %

FIVE opened at $76.24 on Monday. The company has a market cap of $4.19 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.19 and a beta of 1.11. The business’s 50-day moving average price is $87.76 and its 200-day moving average price is $92.76. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $185.48.

Five Below (NASDAQ:FIVE) last announced its quarterly 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. 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 previous year, the business earned $3.65 EPS. Five Below’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal 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.