Lecap Asset Management Ltd. Invests $2.23 Million in Five Below, Inc. (NASDAQ:FIVE)

Lecap Asset Management Ltd. bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, Holdings Channel reports. The firm bought 21,284 shares of the specialty retailer’s stock, valued at approximately $2,234,000.

A number of other institutional investors have also made changes to their positions in FIVE. State Street Corp increased its position in Five Below by 1.9% in the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after acquiring an additional 31,520 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Atreides Management LP bought a new position in Five Below in the 3rd quarter worth approximately $68,649,000. Two Sigma Advisers LP acquired a new position in Five Below during the 3rd quarter worth $64,981,000. Finally, Charles Schwab Investment Management Inc. boosted 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 valued at $54,272,000 after buying an additional 180,902 shares during the last quarter.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now 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 SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Five Below Trading Down 2.3 %

Five Below stock opened at $93.94 on Friday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $212.01. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13. The firm’s fifty day moving average price is $101.01 and its two-hundred day moving average price is $90.38.

Five Below (NASDAQ:FIVE) last issued 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 return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same period last year, the business posted $0.26 earnings per share. Five Below’s revenue was up 14.6% on a year-over-year basis. On average, research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Five Below from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Craig Hallum increased their target price on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Guggenheim lifted their price objective on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup upped their target price on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $111.32.

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.