Pinnbrook Capital Management LP Acquires New Holdings in Five Below, Inc. $FIVE

Pinnbrook Capital Management LP acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,159 shares of the specialty retailer’s stock, valued at approximately $4,174,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. Advisory Services Network LLC acquired a new stake in Five Below in the 3rd quarter worth approximately $32,000. V Square Quantitative Management LLC acquired a new stake in Five Below in the 4th quarter worth approximately $35,000. CI Investments Inc. lifted its holdings in Five Below by 44.3% in the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 74 shares during the last quarter. Spire Wealth Management acquired a new stake in Five Below in the 4th quarter worth approximately $38,000. Finally, iSAM Funds UK Ltd acquired a new stake in Five Below in the 3rd quarter worth approximately $40,000.

Insiders Place Their Bets

In other Five Below news, COO Kenneth R. Bull sold 10,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the sale, the chief operating officer directly owned 92,531 shares in the company, valued at $21,665,208.34. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the sale, the director owned 83,674 shares in the company, valued at $19,352,122.72. This trade represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FIVE shares. Wells Fargo & Company boosted their target price on Five Below from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Wall Street Zen upgraded Five Below from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. boosted their target price on Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America boosted their target price on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Truist Financial boosted their target price on Five Below from $236.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Five Below presently has an average rating of “Moderate Buy” and a consensus target price of $240.60.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $219.79 on Friday. The business’s fifty day moving average price is $225.24 and its two-hundred day moving average price is $200.67. Five Below, Inc. has a fifty-two week low of $105.11 and a fifty-two week high of $251.63. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.31. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business posted $3.48 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. Research analysts expect that Five Below, Inc. will post 8.16 EPS for the current fiscal year.

Five Below Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.