Quadrature Capital Ltd Makes New $2.66 Million Investment in Five Below, Inc. (NASDAQ:FIVE)

Quadrature Capital Ltd bought a new position in Five Below, Inc. (NASDAQ:FIVE) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,646 shares of the specialty retailer’s stock, valued at approximately $2,656,000.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of Five Below by 30.4% during the first quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock worth $2,462,000 after acquiring an additional 3,166 shares during the period. AGF Management Ltd. acquired a new stake in shares of Five Below during the fourth quarter worth $3,192,000. International Assets Investment Management LLC acquired a new stake in shares of Five Below during the fourth quarter worth $3,726,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Five Below by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock worth $86,260,000 after acquiring an additional 11,073 shares during the period. Finally, Desjardins Global Asset Management Inc. acquired a new stake in shares of Five Below during the fourth quarter worth $2,783,000.

Analysts Set New Price Targets

Several brokerages have issued reports on FIVE. Truist Financial lowered shares of Five Below from a “buy” rating to a “hold” rating and lowered their price target for the company from $136.00 to $89.00 in a research note on Wednesday, July 17th. Telsey Advisory Group lowered their price target on shares of Five Below from $155.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Wells Fargo & Company lowered their price target on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $160.00 to $100.00 in a research note on Wednesday, July 17th. Finally, Barclays lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Five Below currently has an average rating of “Hold” and an average price target of $115.89.

Five Below Price Performance

Five Below stock traded up $0.22 during trading hours on Friday, hitting $71.97. The company had a trading volume of 2,158,737 shares, compared to its average volume of 2,486,955. The firm has a 50-day moving average of $110.78 and a 200 day moving average of $153.36. Five Below, Inc. has a one year low of $71.02 and a one year high of $216.18. The firm has a market cap of $3.96 billion, a PE ratio of 13.53, a PEG ratio of 0.90 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The business had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts expect that Five Below, Inc. will post 4.89 earnings per share for the current year.

Five Below Company 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.