Fieldview Capital Management LLC Makes New Investment in Five Below, Inc. $FIVE

Fieldview Capital Management LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 13,857 shares of the specialty retailer’s stock, valued at approximately $2,144,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FIVE. Eastern Bank lifted its position in shares of Five Below by 705.0% during the third quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Five Below in the 2nd quarter worth about $26,000. CI Investments Inc. grew its position 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 in the last quarter. Mather Group LLC. purchased a new stake in Five Below in the 3rd quarter valued at about $40,000. Finally, Caitlin John LLC purchased a new stake in Five Below in the 3rd quarter valued at about $46,000.

Five Below Stock Up 2.1%

Five Below stock opened at $219.82 on Tuesday. The firm has a 50 day moving average price of $203.45 and a 200-day moving average price of $174.15. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $229.33. The company has a market capitalization of $12.13 billion, a P/E ratio of 39.46, a P/E/G ratio of 1.65 and a beta of 1.10.

Wall Street Analysts Forecast Growth

FIVE has been the topic of a number of research analyst reports. Loop Capital restated a “buy” rating and issued a $200.00 target price on shares of Five Below in a research note on Wednesday, December 17th. Truist Financial set a $236.00 price target on Five Below in a research report on Wednesday, January 14th. Guggenheim set a $225.00 price target on Five Below in a report on Wednesday, January 14th. Wells Fargo & Company boosted their price objective on Five Below from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, UBS Group set a $255.00 price objective on Five Below in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

Insider Transactions at Five Below

In related news, CAO Eric M. Specter sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total value of $1,709,775.00. Following the transaction, the chief accounting officer owned 45,724 shares in the company, valued at approximately $9,197,382.60. This represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen S. Barclay sold 2,200 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $182.03, for a total value of $400,466.00. Following the transaction, the director directly owned 9,214 shares of the company’s stock, valued at approximately $1,677,224.42. This trade represents a 19.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,225 shares of company stock worth $4,901,695 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Five Below Company 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.