Bryce Point Capital LLC Invests $536,000 in Five Below, Inc. (NASDAQ:FIVE)

Bryce Point Capital LLC purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,103 shares of the specialty retailer's stock, valued at approximately $536,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Five Below in the 4th quarter valued at $8,489,000. National Bank of Canada FI boosted its holdings in Five Below by 155.2% in the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock valued at $6,964,000 after acquiring an additional 47,940 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new stake in Five Below in the third quarter worth about $522,000. Empirical Capital Management LLC bought a new stake in Five Below during the 3rd quarter worth about $2,651,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Five Below by 52.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer's stock valued at $2,401,000 after purchasing an additional 9,336 shares during the period.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company's stock in a transaction dated 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. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Five Below Trading Up 12.4 %

Shares of NASDAQ:FIVE traded up $6.91 during trading on Wednesday, reaching $62.66. 6,791,000 shares of the stock were exchanged, compared to its average volume of 1,906,953. The firm has a market cap of $3.45 billion, a PE ratio of 12.92, a PEG ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $163.32. The stock has a 50-day moving average price of $80.09 and a 200-day moving average price of $90.36.

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

Analyst Upgrades and Downgrades

FIVE has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 price target for the company in a research report on Monday. Bank of America dropped their target price on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. Evercore ISI cut their price target on Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Barclays decreased their price objective on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Finally, StockNews.com raised Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $97.95.

Five Below 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.