WT Asset Management Ltd Takes $1.16 Million Position in Five Below, Inc. (NASDAQ:FIVE)

WT Asset Management Ltd purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,000 shares of the specialty retailer's stock, valued at approximately $1,155,000.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Five Below by 41.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock worth $54,272,000 after purchasing 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 valued at $6,964,000 after buying an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Five Below during the third quarter worth about $3,282,000. Algert Global LLC lifted its holdings in shares of Five Below by 364.2% in 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 during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer's stock valued at $1,927,000 after purchasing an additional 9,188 shares during the last quarter.

Wall Street Analyst Weigh In

FIVE has been the subject of a number of recent research reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $115.00 target price on shares of Five Below in a report on Tuesday, January 14th. 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 report on Thursday, December 5th. William Blair reissued a "market perform" rating on shares of Five Below in a report on Monday, December 2nd. Citigroup upped their price target on shares of Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $111.32.

Five Below Stock Performance

Five Below stock traded down $3.87 during mid-day trading on Friday, reaching $90.07. The stock had a trading volume of 1,714,205 shares, compared to its average volume of 1,609,817. The firm has a market capitalization of $4.95 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.12. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The stock's 50-day simple moving average is $100.96 and its 200-day simple moving average is $90.46.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the previous year, the business posted $0.26 EPS. Five Below's quarterly revenue was up 14.6% on a year-over-year basis. On average, research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.