Boothbay Fund Management LLC Purchases 11,837 Shares of Five Below, Inc. (NASDAQ:FIVE)

Boothbay Fund Management LLC grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,562 shares of the specialty retailer's stock after buying an additional 11,837 shares during the quarter. Boothbay Fund Management LLC owned about 0.19% of Five Below worth $10,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Five Below during the 4th quarter worth about $31,000. 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 buying an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below during the 3rd quarter worth about $42,000. Coppell Advisory Solutions LLC raised its position in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after buying an additional 253 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after buying an additional 558 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FIVE shares. Morgan Stanley restated an "equal weight" rating on shares of Five Below in a research report on Thursday, March 20th. Evercore ISI dropped their target price on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. UBS Group dropped their target price on shares of Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Mizuho dropped their target price on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, Guggenheim dropped their target price on shares of Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $94.30.

Insider Activity at Five Below

In related news, 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 value 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Five Below Price Performance

FIVE traded down $0.07 on Monday, reaching $75.32. 1,668,689 shares of the company traded hands, compared to its average volume of 1,983,248. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $150.88. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.19 and a beta of 1.01. The stock's 50 day moving average price is $74.08 and its 200-day moving average price is $88.22.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.65 earnings per share. As a group, equities research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.