Two Sigma Advisers LP Invests $64.98 Million in Five Below, Inc. (NASDAQ:FIVE)

Two Sigma Advisers LP purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 735,500 shares of the specialty retailer’s stock, valued at approximately $64,981,000. Two Sigma Advisers LP owned approximately 1.34% of Five Below as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Paladin Wealth LLC acquired a new stake in Five Below in the third quarter worth $26,000. Brooklyn Investment Group bought a new position in shares of Five Below in the 3rd quarter worth $30,000. Hobbs Group Advisors LLC acquired a new stake in Five Below in the 2nd quarter valued at $44,000. Partnership Wealth Management LLC raised its holdings in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Five Below in the second quarter valued at $50,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on FIVE. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Evercore ISI lifted their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a research report on Thursday. Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 7th. Finally, Loop Capital lifted their price objective on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.15.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $112.73 on Friday. The stock has a market capitalization of $6.20 billion, a PE ratio of 22.19, a P/E/G ratio of 1.14 and a beta of 1.18. The business’s fifty day moving average price is $91.79 and its 200-day moving average price is $94.63. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. The firm had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, equities analysts expect that Five Below, Inc. will post 4.56 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.