5,263 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,263 shares of the specialty retailer’s stock, valued at approximately $465,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FIVE. Atreides Management LP bought a new stake in Five Below during the third quarter valued at about $68,649,000. Point72 Asset Management L.P. lifted 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. Holocene Advisors LP bought a new stake in shares of Five Below in the 3rd quarter valued at about $38,829,000. BNP Paribas Financial Markets boosted its stake in Five Below by 1,094.5% in the third quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock valued at $32,349,000 after acquiring an additional 335,493 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after purchasing an additional 207,083 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FIVE shares. Morgan Stanley lifted their target price on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, November 7th. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. William Blair restated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Finally, Melius Research started coverage on shares of Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $116.15.

Five Below Price Performance

Five Below stock opened at $103.95 on Friday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a market capitalization of $5.72 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The business has a 50 day simple moving average of $93.55 and a 200-day simple moving average of $93.52.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 7.02% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. On average, equities research analysts anticipate that Five Below, Inc. will post 4.94 EPS 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.