Greenland Capital Management LP Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Greenland Capital Management LP purchased a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,066 shares of the specialty retailer's stock, valued at approximately $1,266,000.

A number of other large investors also recently modified their holdings of FIVE. Proficio Capital Partners LLC acquired a new stake in Five Below in the fourth quarter worth approximately $31,000. UMB Bank n.a. raised its stake in shares of Five Below by 156.9% in 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 acquired a new stake in shares of Five Below in the third quarter valued at $42,000. EverSource Wealth Advisors LLC boosted its stake in Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after buying an additional 558 shares in the last quarter. Finally, R Squared Ltd bought a new position in Five Below during the fourth quarter valued at about $68,000.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $1.30 on Friday, hitting $60.47. 3,728,234 shares of the company were exchanged, compared to its average volume of 1,925,393. The company's 50 day moving average price is $78.81 and its two-hundred day moving average price is $89.93. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a one year low of $52.38 and a one year high of $162.92.

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Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $3.65 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIVE. Mizuho cut their price objective on Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Guggenheim decreased their target price on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Telsey Advisory Group cut their price target on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a report on Tuesday, March 18th. Loop Capital decreased their price objective on shares of Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Finally, UBS Group lowered their price target on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.95.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares of the company's stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the company'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 value of $45,575.36. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

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.