Harvest Fund Management Co. Ltd Acquires New Position in Five Below, Inc. (NASDAQ:FIVE)

Harvest Fund Management Co. Ltd bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,267 shares of the specialty retailer's stock, valued at approximately $440,000.

A number of other large investors have also recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in Five Below in the 3rd quarter valued at about $30,000. Proficio Capital Partners LLC purchased a new stake in shares of Five Below in the fourth quarter valued at approximately $31,000. UMB Bank n.a. grew its stake in 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 purchasing an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Five Below in the third quarter worth about $42,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 during the last quarter.

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of the 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. The trade was a 8.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Remove Ads

Five Below Stock Up 1.1 %

Shares of NASDAQ FIVE traded up $0.83 during midday trading on Wednesday, reaching $77.84. 1,665,354 shares of the stock were exchanged, compared to its average volume of 1,762,814. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.19 and a beta of 1.11. The firm has a 50-day simple moving average of $87.00 and a two-hundred day simple moving average of $92.77. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $185.48.

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

Analysts Set New Price Targets

FIVE has been the subject of several recent analyst reports. Telsey Advisory Group lowered their target price on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research note on Tuesday, March 18th. William Blair reissued a "market perform" rating on shares of Five Below in a research report on Monday, December 2nd. Barclays lowered their price target on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on shares of Five Below from $107.00 to $102.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Finally, Truist Financial lowered their target price on shares of Five Below from $93.00 to $86.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $102.16.

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.