Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC lifted its stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 730.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,820 shares of the specialty retailer's stock after acquiring an additional 41,183 shares during the period. Five Below accounts for about 1.8% of Blueshift Asset Management LLC's investment portfolio, making the stock its 3rd largest position. Blueshift Asset Management LLC owned approximately 0.09% of Five Below worth $4,914,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 204 shares during the last quarter. Brooklyn Investment Group bought a new position in Five Below in the 3rd quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in Five Below during the 3rd quarter worth $42,000. EverSource Wealth Advisors LLC boosted its holdings in Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 558 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Five Below in the fourth quarter valued at about $68,000.

Analyst Ratings Changes

Several research firms recently weighed in on FIVE. Wells Fargo & Company boosted their price objective on Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. UBS Group reduced their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday. Craig Hallum upped their target price on shares of Five Below from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Mizuho reduced their target price on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Bank of America lowered their price target on Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $102.16.

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Five Below Stock Up 3.9 %

FIVE stock traded up $2.99 during midday trading on Monday, reaching $79.23. 1,837,395 shares of the company's stock traded hands, compared to its average volume of 1,762,499. The company has a 50-day simple moving average of $87.34 and a two-hundred day simple moving average of $92.78. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $185.48. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $3.65 earnings per share. Equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Transactions at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares of the company's stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

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.