GAMMA Investing LLC Buys 814 Shares of Five Below, Inc. (NASDAQ:FIVE)

GAMMA Investing LLC boosted its stake in Five Below, Inc. (NASDAQ:FIVE) by 149.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,360 shares of the specialty retailer’s stock after purchasing an additional 814 shares during the period. GAMMA Investing LLC’s holdings in Five Below were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after purchasing an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Five Below in the third quarter valued at approximately $3,282,000. Janney Montgomery Scott LLC boosted its position in Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares during the period. Finally, Algert Global LLC grew its holdings in Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after acquiring an additional 20,266 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FIVE shares. Citigroup raised their price target on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Finally, Evercore ISI increased their target price on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.00.

Five Below Trading Down 2.6 %

FIVE opened at $99.52 on Friday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $212.01. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.06 and a beta of 1.14. The company’s fifty day moving average price is $98.38 and its two-hundred day moving average price is $91.38.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, equities analysts forecast that Five Below, Inc. will post 4.94 earnings per share for the current fiscal year.

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.