Five Below, Inc. (NASDAQ:FIVE) Position Trimmed by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,438 shares of the specialty retailer's stock after selling 17,691 shares during the period. ExodusPoint Capital Management LP owned 0.06% of Five Below worth $3,720,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIVE. Gradient Investments LLC raised its stake in Five Below by 0.7% during the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock worth $1,666,000 after acquiring an additional 111 shares during the period. Cornerstone Investment Partners LLC grew its holdings in shares of Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after purchasing an additional 162 shares during the last quarter. UMB Bank n.a. raised its position in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 204 shares during the period. Summit Creek Advisors LLC lifted its holdings in shares of Five Below by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 97,479 shares of the specialty retailer's stock worth $10,231,000 after purchasing an additional 311 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Five Below by 1.5% during the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer's stock valued at $2,814,000 after purchasing an additional 388 shares during the period.

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Analyst Ratings Changes

A number of research firms have issued reports on FIVE. Guggenheim cut their target price on Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. UBS Group cut their price objective on shares of Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 target price for the company in a research note on Monday. Loop Capital dropped their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. Finally, 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 report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Five Below presently has an average rating of "Hold" and a consensus price target of $97.95.

Five Below Stock Performance

NASDAQ FIVE traded down $1.30 on Friday, reaching $60.47. The company's stock had a trading volume of 3,728,234 shares, compared to its average volume of 1,925,393. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $162.92. The firm's 50 day moving average is $78.81 and its two-hundred day moving average is $89.93. The stock has a market cap of $3.33 billion, a PE ratio of 12.47, a PEG ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE - Get Free Report) last released its 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. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.65 earnings per share. Equities research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below 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 transaction, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

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.