Legato Capital Management LLC Has $2.18 Million Stake in Five Below, Inc. $FIVE

Legato Capital Management LLC lifted its position in Five Below, Inc. (NASDAQ:FIVE) by 100.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,570 shares of the specialty retailer’s stock after acquiring an additional 5,785 shares during the period. Legato Capital Management LLC’s holdings in Five Below were worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC grew its position in Five Below by 397.5% in the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock valued at $126,777,000 after acquiring an additional 654,763 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in Five Below in the third quarter valued at $866,000. Estate Counselors LLC bought a new stake in Five Below in the third quarter valued at $3,755,000. AGF Management Ltd. bought a new stake in Five Below in the third quarter valued at $7,304,000. Finally, Caprock Group LLC bought a new stake in Five Below in the third quarter valued at $2,346,000.

Five Below Stock Performance

Shares of FIVE stock opened at $219.50 on Friday. The stock’s fifty day moving average is $225.26 and its 200-day moving average is $200.80. The stock has a market capitalization of $12.14 billion, a PE ratio of 33.98, a PEG ratio of 1.64 and a beta of 1.00. Five Below, Inc. has a 52 week low of $105.11 and a 52 week high of $251.63.

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

Insider Buying and Selling at Five Below

In other news, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the sale, the chief operating officer owned 92,531 shares in the company, valued at approximately $21,665,208.34. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Sargent sold 10,000 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the sale, the director owned 83,674 shares in the company, valued at $19,352,122.72. The trade was a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on FIVE shares. Guggenheim upped their price target on Five Below from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $206.00 price target on shares of Five Below in a research report on Monday, February 9th. Wall Street Zen upgraded Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Truist Financial upped their price target on Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Mizuho upped their price target on Five Below from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $240.60.

About Five Below

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.