Magnetar Financial LLC Acquires New Stake in Five Below, Inc. (NASDAQ:FIVE)

Magnetar Financial LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,409 shares of the specialty retailer’s stock, valued at approximately $358,000.

Other institutional investors have also added to or reduced their stakes in the company. Gradient Investments LLC lifted its position in Five Below by 0.7% during the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after buying an additional 111 shares in the last quarter. Cornerstone Investment Partners LLC lifted its position in Five Below by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after buying an additional 162 shares in the last quarter. UMB Bank n.a. lifted its position in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares in the last quarter. Brooklyn Investment Group bought a new stake in Five Below during the 3rd quarter worth about $30,000. Finally, Amalgamated Bank lifted its position in Five Below by 1.5% during the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer’s stock worth $2,814,000 after buying an additional 388 shares in the last quarter.

Five Below Stock Up 0.2 %

Shares of NASDAQ:FIVE opened at $76.24 on Friday. The company’s 50 day moving average price is $87.76 and its two-hundred day moving average price is $92.63. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $185.48. The firm has a market cap of $4.19 billion, a PE ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $3.65 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FIVE shares. UBS Group cut their price target on shares of Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Craig Hallum upped their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho dropped their target price on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Guggenheim dropped their target price on shares of Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday. Three research 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. According to MarketBeat.com, Five Below has a consensus rating of “Hold” and an average target price of $102.16.

Insiders Place Their Bets

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 transaction of $498,635.44. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

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.