Tabor Asset Management LP Invests $7.20 Million in Five Below, Inc. (NASDAQ:FIVE)

Tabor Asset Management LP purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 81,481 shares of the specialty retailer's stock, valued at approximately $7,199,000. Five Below accounts for about 3.5% of Tabor Asset Management LP's portfolio, making the stock its 10th biggest position. Tabor Asset Management LP owned about 0.15% of Five Below as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Atreides Management LP acquired a new stake in shares of Five Below in the third quarter valued at $68,649,000. Point72 Asset Management L.P. raised its position in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock worth $98,991,000 after purchasing an additional 769,980 shares during the period. Holocene Advisors LP acquired a new stake in shares of Five Below during the third quarter worth $38,829,000. BNP Paribas Financial Markets raised its position in shares of Five Below by 1,094.5% during the third quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer's stock worth $32,349,000 after purchasing an additional 335,493 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock worth $66,003,000 after purchasing an additional 207,083 shares during the period.

Five Below Stock Down 2.1 %

FIVE stock traded down $2.43 during midday trading on Friday, reaching $113.54. 1,579,626 shares of the company's stock traded hands, compared to its average volume of 1,518,642. The company has a 50-day simple moving average of $91.39 and a two-hundred day simple moving average of $94.78. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.14 and a beta of 1.18.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business's revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. Equities research analysts forecast that Five Below, Inc. will post 4.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price on Five Below from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday. Bank of America downgraded Five Below from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. UBS Group decreased their price target on Five Below from $120.00 to $108.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. Evercore ISI upped their price target on Five Below from $100.00 to $104.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Five Below from a "sell" rating to a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $116.15.

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.