Logan Capital Management Inc. Has $1.46 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

Logan Capital Management Inc. trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,906 shares of the specialty retailer’s stock after selling 2,812 shares during the quarter. Logan Capital Management Inc.’s holdings in Five Below were worth $1,460,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FIVE. Interval Partners LP bought a new stake in shares of Five Below during the 4th quarter worth about $7,347,000. Invenomic Capital Management LP boosted its position in Five Below by 11.7% during the fourth quarter. Invenomic Capital Management LP now owns 222,401 shares of the specialty retailer’s stock worth $23,343,000 after purchasing an additional 23,281 shares during the period. Janus Henderson Group PLC grew its holdings in Five Below by 4.9% during the fourth quarter. Janus Henderson Group PLC now owns 32,880 shares of the specialty retailer’s stock valued at $3,450,000 after purchasing an additional 1,541 shares during the last quarter. Gotham Asset Management LLC acquired a new position in Five Below during the fourth quarter valued at approximately $2,071,000. Finally, Focus Partners Wealth bought a new position in shares of Five Below in the fourth quarter valued at approximately $247,000.

Five Below Stock Performance

Shares of Five Below stock opened at $103.49 on Tuesday. The firm’s 50-day simple moving average is $73.40 and its 200-day simple moving average is $87.64. The firm has a market cap of $5.70 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $145.00.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $3.65 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIVE. Barclays decreased their price objective on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Evercore ISI dropped their price objective on Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Telsey Advisory Group boosted their price objective on Five Below from $85.00 to $90.00 and gave the stock a “market perform” rating in a research report on Friday, May 2nd. Finally, Mizuho lowered their target price on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.25.

Insiders Place Their Bets

In related news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.