Dark Forest Capital Management LP Buys New Shares in Five Below, Inc. (NASDAQ:FIVE)

Dark Forest Capital Management LP acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,851 shares of the specialty retailer’s stock, valued at approximately $311,000.

A number of other large investors have also made changes to their positions in the stock. Neuberger Berman Group LLC increased its stake in Five Below by 1.7% during the fourth quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock valued at $959,000 after acquiring an additional 76 shares during the period. Parallel Advisors LLC lifted its position in Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 82 shares during the period. Janus Henderson Group PLC boosted its stake in Five Below by 0.4% during the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after buying an additional 115 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Five Below in the 4th quarter valued at $26,000. Finally, Fifth Third Bancorp raised its stake in shares of Five Below by 12.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 147 shares in the last quarter.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of analyst reports. Bank of America upped their target price on shares of Five Below from $87.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday. Evercore ISI cut their target price on Five Below from $101.00 to $95.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Truist Financial reiterated a “hold” rating and issued a $89.00 price target on shares of Five Below in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $79.00 price objective (down from $155.00) on shares of Five Below in a research note on Thursday, July 18th. Finally, Mizuho downgraded shares of Five Below from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $150.00 to $85.00 in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $110.00.

Five Below Stock Down 2.5 %

NASDAQ:FIVE opened at $92.59 on Monday. The stock’s fifty day simple moving average is $80.06 and its 200-day simple moving average is $117.81. The firm has a market capitalization of $5.10 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.06 and a beta of 1.21. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. As a group, equities research analysts expect that Five Below, Inc. will post 4.55 earnings per share for the current year.

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.