Hardy Reed LLC Buys Shares of 1,909 Five Below, Inc. (NASDAQ:FIVE)

Hardy Reed LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,909 shares of the specialty retailer’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Creative Planning lifted its holdings in Five Below by 69.2% in the 3rd quarter. Creative Planning now owns 9,109 shares of the specialty retailer’s stock valued at $805,000 after purchasing an additional 3,724 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Five Below by 318,361.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after purchasing an additional 108,243 shares in the last quarter. Signaturefd LLC increased its stake in shares of Five Below by 8.0% during the 3rd quarter. Signaturefd LLC now owns 13,103 shares of the specialty retailer’s stock valued at $1,158,000 after acquiring an additional 970 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Five Below by 20.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 395 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Five Below by 1,379.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after acquiring an additional 15,734 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on FIVE shares. Citigroup upped their price objective 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. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Guggenheim upped their price objective on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley upped their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, William Blair reaffirmed a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $111.32.

Five Below Stock Down 3.1 %

Shares of NASDAQ:FIVE opened at $91.78 on Thursday. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $212.01. The company has a 50 day moving average of $98.03 and a two-hundred day moving average of $91.60. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter last year, the company earned $0.26 earnings per share. Five Below’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

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.