Candlestick Capital Management LP Buys New Holdings in Five Below, Inc. (NASDAQ:FIVE)

Candlestick Capital Management LP bought a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 315,956 shares of the specialty retailer's stock, valued at approximately $33,163,000. Candlestick Capital Management LP owned approximately 0.57% of Five Below as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FIVE. Raymond James Financial Inc. acquired a new position in shares of Five Below in the 4th quarter valued at $8,489,000. Retirement Systems of Alabama lifted its position in Five Below by 47.2% in the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock valued at $13,371,000 after acquiring an additional 48,524 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Five Below by 691.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock valued at $2,655,000 after acquiring an additional 22,102 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Five Below by 236.1% during the fourth quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock worth $1,201,000 after purchasing an additional 8,035 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Five Below by 30.4% during the fourth quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock worth $223,000 after purchasing an additional 496 shares during the last quarter.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FIVE has been the topic of several research reports. UBS Group dropped their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Bank of America decreased 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 note on Thursday, March 20th. DA Davidson decreased their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Evercore ISI reduced their price objective on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $94.30.

Five Below Price Performance

Shares of FIVE opened at $75.39 on Monday. The firm has a 50 day simple moving average of $74.41 and a 200-day simple moving average of $88.34. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $150.88. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the company posted $3.65 EPS. The company's revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.

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