Lisanti Capital Growth LLC Acquires New Position in Five Below, Inc. (NASDAQ:FIVE)

Lisanti Capital Growth LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 39,105 shares of the specialty retailer's stock, valued at approximately $3,455,000. Lisanti Capital Growth LLC owned approximately 0.07% of Five Below as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of Five Below by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer's stock worth $5,473,000 after acquiring an additional 115 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Five Below by 12.0% during the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer's stock valued at $150,000 after buying an additional 147 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Five Below by 9.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer's stock valued at $231,000 after buying an additional 180 shares in the last quarter. Peloton Wealth Strategists increased its holdings in shares of Five Below by 3.0% in the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer's stock valued at $743,000 after purchasing an additional 200 shares during the period. Finally, Partnership Wealth Management LLC boosted its holdings in Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. William Blair cut Five Below from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 17th. Barclays cut shares of Five Below from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $176.00 to $90.00 in a report on Wednesday, July 17th. Gordon Haskett raised shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a report on Thursday. Craig Hallum lifted their price objective on shares of Five Below from $102.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lowered shares of Five Below from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $106.40.

Five Below Stock Performance

Shares of Five Below stock traded down $3.28 on Monday, hitting $83.00. 2,449,045 shares of the company traded hands, compared to its average volume of 1,461,722. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The business has a 50-day simple moving average of $90.70 and a 200 day simple moving average of $101.11. The stock has a market capitalization of $4.57 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.95 and a beta of 1.20.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million for the quarter, compared to analysts' expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Research analysts expect that Five Below, Inc. will post 4.56 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.