Bridgefront Capital LLC Sells 6,152 Shares of Five Below, Inc. $FIVE

Bridgefront Capital LLC decreased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 69.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,684 shares of the specialty retailer’s stock after selling 6,152 shares during the quarter. Bridgefront Capital LLC’s holdings in Five Below were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIVE. NewEdge Advisors LLC boosted its holdings in Five Below by 143.0% in the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 645 shares in the last quarter. United Services Automobile Association acquired a new position in Five Below during the first quarter worth $268,000. Empowered Funds LLC bought a new position in Five Below during the first quarter valued at about $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Five Below by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock worth $13,825,000 after buying an additional 21,625 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Five Below by 63.8% in the first quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after buying an additional 1,503 shares during the last quarter.

Five Below Stock Up 0.6%

Shares of NASDAQ:FIVE opened at $211.67 on Tuesday. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.61 and a beta of 1.10. The business has a 50 day moving average price of $205.92 and a 200 day moving average price of $176.68. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $229.33.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIVE. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 price objective on shares of Five Below in a report on Tuesday, March 10th. Craig Hallum restated a “buy” rating on shares of Five Below in a report on Friday, January 16th. Wall Street Zen cut Five Below from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Guggenheim set a $225.00 price target on shares of Five Below in a research report on Wednesday, January 14th. Finally, Mizuho boosted their price objective on shares of Five Below from $165.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $205.75.

Insider Buying and Selling

In other news, COO Kenneth R. Bull sold 5,100 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $203.21, for a total value of $1,036,371.00. Following the sale, the chief operating officer owned 101,040 shares in the company, valued at approximately $20,532,338.40. This trade represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 8,500 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the transaction, the chief accounting officer directly owned 45,724 shares in the company, valued at $9,197,382.60. This trade represents a 15.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 15,525 shares of company stock valued at $3,135,554. Corporate insiders own 1.90% of the company’s stock.

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.