Five Below, Inc. $FIVE Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP decreased its position in Five Below, Inc. (NASDAQ:FIVE) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,383 shares of the specialty retailer’s stock after selling 6,798 shares during the period. Cinctive Capital Management LP owned approximately 0.08% of Five Below worth $6,866,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Eastern Bank boosted 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 worth $25,000 after buying an additional 141 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Five Below in the 2nd quarter worth approximately $26,000. CI Investments Inc. increased 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 valued at $37,000 after acquiring an additional 74 shares during the period. iSAM Funds UK Ltd bought a new stake in Five Below during the 3rd quarter valued at $40,000. Finally, Mather Group LLC. bought a new stake in Five Below during the 3rd quarter valued at $40,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Guggenheim set a $225.00 price target on Five Below in a research note on Wednesday, January 14th. Mizuho lifted their price objective on shares of Five Below from $165.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. The Goldman Sachs Group lifted their price objective on shares of Five Below from $188.00 to $216.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $206.00 target price on shares of Five Below in a research report on Monday, February 9th. Finally, Bank of America upgraded shares of Five Below from an “underperform” rating to a “buy” rating and set a $233.00 target price for the company in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.75.

Insider Buying and Selling

In other Five Below news, Director Kathleen S. Barclay sold 2,200 shares of Five Below stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $182.03, for a total transaction of $400,466.00. Following the transaction, the director directly owned 9,214 shares in the company, valued at approximately $1,677,224.42. The trade was a 19.27% decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the sale, the chief accounting officer directly owned 45,724 shares in the company, valued at approximately $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,725 shares of company stock valued at $3,536,020. Company insiders own 1.90% of the company’s stock.

Five Below Trading Down 3.1%

FIVE stock opened at $210.36 on Friday. Five Below, Inc. has a one year low of $52.38 and a one year high of $229.33. The firm has a 50-day moving average of $205.62 and a two-hundred day moving average of $176.02. The firm has a market capitalization of $11.60 billion, a PE ratio of 37.77, a P/E/G ratio of 1.61 and a beta of 1.10.

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.