Cinctive Capital Management LP Acquires 25,305 Shares of Five Below, Inc. (NASDAQ:FIVE)

Cinctive Capital Management LP lifted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 41.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,480 shares of the specialty retailer’s stock after purchasing an additional 25,305 shares during the quarter. Cinctive Capital Management LP owned 0.16% of Five Below worth $9,077,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Five Below by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the specialty retailer’s stock worth $1,207,000 after buying an additional 1,981 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Five Below by 1.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,026 shares of the specialty retailer’s stock valued at $12,460,000 after acquiring an additional 1,738 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Five Below by 40.7% during the third quarter. Hantz Financial Services Inc. now owns 2,076 shares of the specialty retailer’s stock worth $183,000 after acquiring an additional 601 shares in the last quarter. Atom Investors LP acquired a new position in Five Below during the third quarter valued at approximately $586,000. Finally, Ascent Group LLC grew its stake in Five Below by 10.4% in the third quarter. Ascent Group LLC now owns 25,458 shares of the specialty retailer’s stock valued at $2,249,000 after purchasing an additional 2,390 shares in the last quarter.

Five Below Stock Performance

FIVE stock opened at $76.48 on Wednesday. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $177.55. The company has a market capitalization of $4.21 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The company’s 50-day simple moving average is $85.35 and its 200 day simple moving average is $92.31.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company posted $3.65 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts forecast 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 that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value 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. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIVE. The Goldman Sachs Group dropped their price objective on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Bank of America dropped their price target on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company lifted their price objective on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Barclays lowered their price objective on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.42.

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.