Magnetar Financial LLC Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Magnetar Financial LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,409 shares of the specialty retailer's stock, valued at approximately $358,000.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Five Below during the 4th quarter valued at about $8,489,000. Charles Schwab Investment Management Inc. lifted its position in 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 worth $54,272,000 after buying an additional 180,902 shares during the last quarter. National Bank of Canada FI boosted its stake in Five Below by 155.2% in the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock worth $6,964,000 after buying an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Five Below during the third quarter valued at approximately $3,282,000. Finally, Algert Global LLC raised its stake in shares of Five Below by 364.2% during the third 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 in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on FIVE. Wells Fargo & Company lifted their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Bank of America decreased their price objective on Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a report on Thursday, March 20th. Barclays dropped their target price 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. StockNews.com upgraded Five Below from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Mizuho lowered 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. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $102.16.

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Five Below Stock Up 2.0 %

Shares of FIVE stock traded up $1.52 during mid-day trading on Thursday, reaching $79.36. 1,709,154 shares of the company's stock traded hands, compared to its average volume of 1,766,335. The company's 50-day moving average price is $86.67 and its 200-day moving average price is $92.66. The company has a market cap of $4.37 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $185.48.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $3.65 earnings per share. Five Below's quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction 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 owns 57,267 shares of the company's stock, valued at $5,197,552.92. The trade was a 8.75 % 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 company insiders.

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.