Pilgrim Partners Asia Pte Ltd Makes New $166,000 Investment in Five Below, Inc. (NASDAQ:FIVE)

Pilgrim Partners Asia Pte Ltd acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,580 shares of the specialty retailer’s stock, valued at approximately $166,000.

Several other large investors also recently made changes to their positions in FIVE. UMB Bank n.a. lifted its position in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below in the third quarter valued at $42,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 558 shares during the period. R Squared Ltd acquired a new position in Five Below in the 4th quarter valued at $68,000. Finally, GAMMA Investing LLC raised its stake in Five Below by 149.1% in the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 814 shares in the last quarter.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Five Below Trading Down 3.5 %

Shares of NASDAQ:FIVE opened at $56.77 on Friday. The company has a 50-day moving average price of $83.68 and a 200 day moving average price of $91.71. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $165.67. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $3.65 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on FIVE shares. JPMorgan Chase & Co. reduced their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. UBS Group reduced their price target on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Loop Capital reduced their price objective on shares of Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Finally, Truist Financial lowered their target price on Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a report 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $101.42.

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.