Lisanti Capital Growth LLC Buys Shares of 4,260 Five Below, Inc. (NASDAQ:FIVE)

Lisanti Capital Growth LLC purchased a new position in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,260 shares of the specialty retailer’s stock, valued at approximately $908,000.

Several other hedge funds have also recently made changes to their positions in FIVE. William Blair Investment Management LLC raised its stake in Five Below by 89.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after buying an additional 487,948 shares during the last quarter. Montrusco Bolton Investments Inc. increased its position in Five Below by 34.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after acquiring an additional 395,275 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Five Below in the third quarter valued at about $29,181,000. Invesco Ltd. grew its stake in shares of Five Below by 119.1% during the 3rd quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock valued at $47,317,000 after purchasing an additional 159,844 shares during the period. Finally, Advent International L.P. increased its position in shares of Five Below by 68.9% during the 3rd quarter. Advent International L.P. now owns 343,306 shares of the specialty retailer’s stock valued at $55,238,000 after purchasing an additional 140,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FIVE shares. Mizuho began coverage on shares of Five Below in a research report on Tuesday, March 19th. They issued a “buy” rating and a $225.00 price target on the stock. Barclays cut their price target on Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Truist Financial decreased their price objective on Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and cut their price objective for the company from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. cut shares of Five Below from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $215.00 to $170.00 in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.33.

Five Below Stock Performance

Shares of FIVE traded up $0.72 during mid-day trading on Tuesday, hitting $146.74. 780,673 shares of the stock were exchanged, compared to its average volume of 872,903. The company has a market cap of $8.11 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. Five Below, Inc. has a 52-week low of $140.19 and a 52-week high of $216.18. The firm has a 50-day moving average of $174.69 and a two-hundred day moving average of $184.35.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business earned $3.07 EPS. Five Below’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, sell-side analysts predict that Five Below, Inc. will post 6.05 EPS for the current 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.