Everence Capital Management Inc. Invests $249,000 in Five Below, Inc. (NASDAQ:FIVE)

Everence Capital Management Inc. purchased a new position in Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,370 shares of the specialty retailer’s stock, valued at approximately $249,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in Five Below by 1.9% during the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares during the last quarter. Atreides Management LP bought a new stake in Five Below in the 3rd quarter worth about $68,649,000. Finally, Two Sigma Advisers LP purchased a new position in Five Below in the 3rd quarter worth about $64,981,000.

Five Below Stock Performance

FIVE opened at $99.52 on Thursday. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.14. The firm’s fifty day moving average is $98.28 and its 200 day moving average is $91.32. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period in the previous year, the business earned $0.26 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. On average, equities research analysts predict that Five Below, Inc. will post 4.94 earnings per share for the current year.

Analysts Set New Price Targets

FIVE has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Bank of America cut shares of Five Below from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Citigroup boosted their target price on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. lowered their price target on Five Below from $110.00 to $107.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, Mizuho lifted their price objective on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $116.00.

Five Below Company 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.