Edgestream Partners L.P. Takes $967,000 Position in Five Below, Inc. (NASDAQ:FIVE)

Edgestream Partners L.P. purchased a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 9,217 shares of the specialty retailer’s stock, valued at approximately $967,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FIVE. UMB Bank n.a. raised its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the period. Brooklyn Investment Group bought a new stake in shares of Five Below in the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Five Below during the 3rd quarter worth $42,000. R Squared Ltd bought a new position in Five Below during the fourth quarter worth about $68,000. Finally, GAMMA Investing LLC grew its stake in Five Below by 149.1% in the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 814 shares during the period.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of research analyst reports. Mizuho raised their price target on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Craig Hallum raised their target price on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley increased their price objective on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.32.

Five Below Price Performance

Shares of FIVE opened at $75.58 on Wednesday. The company has a market cap of $4.16 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The firm has a 50-day moving average of $92.00 and a 200-day moving average of $92.97. Five Below, Inc. has a one year low of $64.87 and a one year high of $209.79.

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.