3,000 Shares in Five Below, Inc. (NASDAQ:FIVE) Bought by PDT Partners LLC

PDT Partners LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the specialty retailer's stock, valued at approximately $315,000.

• 5 Reasons Five Below’s Stock Price Is Heading Higher This Year

Several other large investors also recently modified their holdings of the business. Schonfeld Strategic Advisors LLC grew its stake in Five Below by 7,542.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock valued at $30,160,000 after purchasing an additional 283,591 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Five Below during the 4th quarter valued at approximately $15,160,000. Candlestick Capital Management LP acquired a new stake in shares of Five Below during the fourth quarter worth approximately $33,163,000. Northern Trust Corp increased its stake in shares of Five Below by 23.4% in the fourth quarter. Northern Trust Corp now owns 553,939 shares of the specialty retailer's stock worth $58,141,000 after buying an additional 104,883 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Five Below by 1.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 44,334 shares of the specialty retailer's stock valued at $4,653,000 after acquiring an additional 698 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI cut their target price on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Telsey Advisory Group lifted their target price on Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a research report on Friday. Loop Capital dropped their price target on Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. UBS Group decreased their price objective on shares of Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Five Below in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Five Below presently has an average rating of "Hold" and an average price target of $95.70.

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Get Our Latest Report on FIVE

Five Below Stock Performance

NASDAQ:FIVE opened at $84.31 on Friday. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $147.64. The business has a fifty day moving average of $73.30 and a 200-day moving average of $87.89.

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Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $3.65 EPS. Five Below's revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Five Below Company 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.

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