Lecap Asset Management Ltd. Makes New $2.23 Million Investment in Five Below, Inc. (NASDAQ:FIVE)

Lecap Asset Management Ltd. purchased a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,284 shares of the specialty retailer's stock, valued at approximately $2,234,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FIVE. Charles Schwab Investment Management Inc. grew its stake in shares of Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock valued at $54,272,000 after purchasing an additional 180,902 shares during the last quarter. National Bank of Canada FI grew its position in Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock valued at $6,964,000 after buying an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Five Below in the 3rd quarter valued at $3,282,000. Algert Global LLC lifted its stake in shares of Five Below by 364.2% in the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer's stock worth $2,282,000 after acquiring an additional 20,266 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer's stock valued at $1,927,000 after acquiring an additional 9,188 shares in the last quarter.

Insider Activity at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company's stock, valued at approximately $5,197,552.92. This trade represents 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 this hyperlink. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Loop Capital upped their price objective on Five Below from $90.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Craig Hallum upped their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Truist Financial raised their price objective on shares of Five Below from $88.00 to $118.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, Gordon Haskett upgraded shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.32.

Five Below Trading Down 2.9 %

Shares of FIVE traded down $2.66 during midday trading on Tuesday, reaching $87.36. 904,737 shares of the company were exchanged, compared to its average volume of 1,721,471. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.26 and a beta of 1.12. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $212.01. The stock has a 50-day moving average price of $100.78 and a 200-day moving average price of $90.81.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million for the quarter, compared to analysts' expectations of $801.48 million. During the same period in the previous year, the company posted $0.26 earnings per share. The business's revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current 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.