Monimus Capital Management LP Takes $4.17 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Monimus Capital Management LP bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 39,763 shares of the specialty retailer’s stock, valued at approximately $4,174,000. Five Below accounts for about 3.9% of Monimus Capital Management LP’s investment portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Five Below in the 3rd quarter valued at about $30,000. Proficio Capital Partners LLC bought a new stake in shares of Five Below in the 4th quarter valued at about $31,000. UMB Bank n.a. raised its holdings in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below in the 3rd quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 558 shares during the period.

Analyst Ratings Changes

FIVE has been the topic of a number of research analyst reports. Loop Capital upped their target price on shares of Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Craig Hallum upped their price target 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. Wells Fargo & Company upped their price target on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Truist Financial upped their price target on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group upped their price target on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.32.

Five Below Trading Up 1.0 %

NASDAQ FIVE opened at $73.00 on Friday. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.19 and a beta of 1.11. The firm’s 50 day simple moving average is $90.84 and its 200 day simple moving average is $92.69. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $209.79.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

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.