Versor Investments LP Takes Position in Five Below, Inc. (NASDAQ:FIVE)

Versor Investments LP purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,544 shares of the specialty retailer’s stock, valued at approximately $267,000.

Several other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in Five Below by 41.7% during 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 acquiring an additional 180,902 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after purchasing an additional 47,940 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Five Below during the third quarter valued at approximately $3,282,000. Algert Global LLC increased its stake in Five Below by 364.2% in the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after buying an additional 20,266 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Five Below by 72.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares in the last quarter.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated 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 approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FIVE shares. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Craig Hallum lifted their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Loop Capital increased their price target on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and cut their price target for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Five Below currently has an average rating of “Hold” and an average target price of $111.32.

Five Below Price Performance

FIVE stock opened at $84.22 on Tuesday. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.19 and a beta of 1.12. The business has a fifty day moving average price of $95.12 and a 200 day moving average price of $92.88. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01.

Five Below (NASDAQ:FIVE) last announced its 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 company had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. On average, equities analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Five Below Profile

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.