Five Below Inc (FIVE) Position Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of Five Below Inc (NASDAQ:FIVE) by 29.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 976,200 shares of the specialty retailer’s stock after selling 406,200 shares during the period. Renaissance Technologies LLC owned approximately 1.75% of Five Below worth $126,965,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. grew its holdings in Five Below by 75.5% during the third quarter. Prudential Financial Inc. now owns 160,132 shares of the specialty retailer’s stock worth $20,827,000 after acquiring an additional 68,887 shares during the period. GWM Advisors LLC acquired a new position in Five Below during the third quarter worth $396,000. American International Group Inc. grew its holdings in Five Below by 324.0% during the second quarter. American International Group Inc. now owns 146,505 shares of the specialty retailer’s stock worth $14,315,000 after acquiring an additional 111,954 shares during the period. Private Advisor Group LLC grew its holdings in Five Below by 44.9% during the third quarter. Private Advisor Group LLC now owns 12,432 shares of the specialty retailer’s stock worth $1,617,000 after acquiring an additional 3,853 shares during the period. Finally, Cerebellum GP LLC acquired a new position in Five Below during the third quarter worth $184,000. 95.42% of the stock is currently owned by hedge funds and other institutional investors.

FIVE opened at $95.58 on Friday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.30 and a beta of 0.52. Five Below Inc has a one year low of $60.00 and a one year high of $136.13.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, December 6th. The specialty retailer reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. The company had revenue of $312.82 million for the quarter, compared to the consensus estimate of $303.54 million. Five Below had a return on equity of 24.58% and a net margin of 8.74%. As a group, equities analysts predict that Five Below Inc will post 2.62 EPS for the current year.

In other news, Director Daniel Kaufman sold 3,995 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $133.18, for a total value of $532,054.10. Following the sale, the director now directly owns 5,047 shares in the company, valued at $672,159.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David N. Makuen sold 12,000 shares of the company’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $116.43, for a total value of $1,397,160.00. Following the completion of the sale, the insider now owns 20,863 shares in the company, valued at $2,429,079.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,303 shares of company stock worth $2,346,022. 2.60% of the stock is owned by company insiders.

FIVE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Five Below to $153.00 in a report on Sunday, December 2nd. Citigroup upped their price objective on Five Below from $117.00 to $133.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Royal Bank of Canada upped their price objective on Five Below to $128.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Deutsche Bank upped their price objective on Five Below to $136.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Finally, Buckingham Research upped their price objective on Five Below from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $119.00.

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About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

Further Reading: How are the companies in the S&P 500 selected?

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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