30,000 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by Empirical Capital Management LLC

Empirical Capital Management LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,000 shares of the specialty retailer's stock, valued at approximately $2,651,000. Five Below comprises about 1.9% of Empirical Capital Management LLC's investment portfolio, making the stock its 16th biggest position. Empirical Capital Management LLC owned approximately 0.05% of Five Below as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FIVE. Paladin Wealth LLC bought a new position in Five Below in the 3rd quarter worth $26,000. Brooklyn Investment Group bought a new position in Five Below in the third quarter worth about $30,000. Hobbs Group Advisors LLC purchased a new stake in Five Below in the second quarter worth about $44,000. Partnership Wealth Management LLC lifted its holdings in Five Below by 63.5% in 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 period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Five Below during the 2nd quarter valued at approximately $50,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Five Below from $83.00 to $110.00 and gave the stock an "underweight" rating in a research report on Thursday. Loop Capital raised their price objective on Five Below from $90.00 to $120.00 and gave the company a "hold" rating in a research report on Thursday. KeyCorp cut shares of Five Below from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Five Below has a consensus rating of "Hold" and a consensus target price of $116.15.

Five Below Stock Down 2.8 %

Shares of NASDAQ FIVE traded down $3.24 during trading on Friday, reaching $112.73. 2,392,844 shares of the company traded hands, compared to its average volume of 1,961,010. The firm has a 50 day simple moving average of $91.79 and a 200-day simple moving average of $94.63. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The stock has a market capitalization of $6.20 billion, a PE ratio of 23.24, a P/E/G ratio of 1.16 and a beta of 1.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued 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 company had revenue of $843.71 million for the quarter, compared to analysts' expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.10%. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. As a group, research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

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.