Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lifted its stake in Five Below, Inc. (NASDAQ:FIVE) by 49.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,863 shares of the specialty retailer’s stock after acquiring an additional 1,613 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Five Below were worth $510,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Five Below during the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the 3rd quarter worth approximately $42,000. EverSource Wealth Advisors LLC increased its stake in Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after buying an additional 558 shares during the period. Finally, R Squared Ltd purchased a new stake in Five Below during the 4th quarter worth approximately $68,000.

Five Below Stock Performance

Five Below stock opened at $74.37 on Tuesday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $209.79. The company has a market capitalization of $4.09 billion, a P/E ratio of 15.33, a PEG ratio of 1.19 and a beta of 1.11. The stock has a 50-day simple moving average of $89.81 and a 200-day simple moving average of $92.76.

Analyst Upgrades and Downgrades

FIVE has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 target price on shares of Five Below in a research note on Tuesday, January 14th. Wells Fargo & Company upped their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Barclays raised their price objective on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. The Goldman Sachs Group boosted their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. cut their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $111.32.

Insider Activity

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

About Five Below

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.