Proficio Capital Partners LLC Takes Position in Five Below, Inc. $FIVE

Proficio Capital Partners LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,903 shares of the specialty retailer’s stock, valued at approximately $702,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Five Below by 40,774,210.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after purchasing an additional 55,452,926 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Five Below during the 2nd quarter worth $964,867,000. Wellington Management Group LLP boosted its stake in shares of Five Below by 54.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,811,650 shares of the specialty retailer’s stock worth $325,717,000 after acquiring an additional 638,049 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Five Below by 54.6% in the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock worth $336,254,000 after acquiring an additional 630,710 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Five Below by 3.1% during the fourth quarter. Federated Hermes Inc. now owns 1,508,393 shares of the specialty retailer’s stock valued at $284,121,000 after purchasing an additional 45,761 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FIVE. Citigroup raised Five Below from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. Craig Hallum upped their price objective on shares of Five Below from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Raymond James Financial upgraded shares of Five Below to an “outperform” rating in a report on Tuesday, July 21st. Sanford C. Bernstein raised shares of Five Below from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $247.00 to $250.00 in a research report on Tuesday, July 21st. Finally, Cantor Fitzgerald lowered shares of Five Below to a “neutral” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $267.45.

Five Below Stock Down 0.7%

Shares of NASDAQ:FIVE opened at $245.08 on Wednesday. The firm has a market capitalization of $13.55 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. Five Below, Inc. has a 12-month low of $137.77 and a 12-month high of $263.88. The firm has a fifty day moving average of $214.60 and a two-hundred day moving average of $217.04.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, June 3rd. The specialty retailer reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.45. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Five Below had a return on equity of 21.31% and a net margin of 8.67%.The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities research analysts expect that Five Below, Inc. will post 9.19 earnings per share for the current fiscal year.

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.