Ieq Capital LLC Boosts Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Ieq Capital LLC increased its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 804.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,646 shares of the specialty retailer's stock after acquiring an additional 21,032 shares during the period. Ieq Capital LLC's holdings in Five Below were worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FIVE. Gradient Investments LLC lifted 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 purchasing an additional 111 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after buying an additional 204 shares during the period. KBC Group NV lifted its stake in shares of Five Below by 23.7% in the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer's stock valued at $144,000 after acquiring an additional 312 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Five Below during the 3rd quarter valued at about $30,000. Finally, Private Advisor Group LLC grew its position in Five Below by 20.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer's stock worth $203,000 after acquiring an additional 395 shares during the last quarter.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Five Below from $85.00 to $96.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. KeyCorp lowered Five Below from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. William Blair reaffirmed a "market perform" rating on shares of Five Below in a research report on Monday, December 2nd. The Goldman Sachs Group lifted their price target on shares of Five Below from $106.00 to $122.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Gordon Haskett upgraded shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Five Below has a consensus rating of "Hold" and an average target price of $111.32.

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Insider Transactions at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

Five Below Stock Performance

FIVE stock traded down $1.81 during midday trading on Thursday, reaching $87.41. The stock had a trading volume of 1,475,662 shares, compared to its average volume of 1,648,972. The firm has a fifty day simple moving average of $96.38 and a two-hundred day simple moving average of $92.37. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $212.01. The stock has a market cap of $4.81 billion, a PE ratio of 18.02, a P/E/G ratio of 1.19 and a beta of 1.13.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same quarter last year, the business earned $0.26 earnings per share. The firm's revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current fiscal 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.