Ieq Capital LLC Has $2.48 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

Ieq Capital LLC grew its position in Five Below, Inc. (NASDAQ:FIVE) by 804.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,646 shares of the specialty retailer’s stock after acquiring an additional 21,032 shares during the period. Ieq Capital LLC’s holdings in Five Below were worth $2,482,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Atreides Management LP acquired a new position in Five Below in the 3rd quarter worth about $68,649,000. Two Sigma Advisers LP acquired a new stake in Five Below during the 3rd quarter worth approximately $64,981,000. Holocene Advisors LP bought a new stake in Five Below during the 3rd quarter worth approximately $38,829,000. Wellington Management Group LLP increased its position in Five Below by 1,042.4% in the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after acquiring an additional 356,776 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Five Below by 1,094.5% during the third quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock valued at $32,349,000 after acquiring an additional 335,493 shares during the last quarter.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the 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 completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Five Below Stock Down 3.6 %

Shares of Five Below stock opened at $85.92 on Monday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01. The company’s 50 day moving average is $97.38 and its 200 day moving average is $92.08. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. Sell-side analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

FIVE has been the subject of a number of recent research reports. Citigroup increased their price objective on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 7th. Guggenheim boosted their price target on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, KeyCorp downgraded shares of Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Three equities 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. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average target price of $111.32.

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.