Jump Financial LLC Sells 83,154 Shares of Five Below, Inc. (NASDAQ:FIVE)

by · The Cerbat Gem

Jump Financial LLC decreased its position in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 42.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,847 shares of the specialty retailer’s stock after selling 83,154 shares during the quarter. Jump Financial LLC’s holdings in Five Below were worth $11,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIVE. Proficio Capital Partners LLC bought a new position in Five Below in the fourth quarter worth about $31,000. UMB Bank n.a. raised its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Five Below in the 3rd quarter valued at approximately $42,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 558 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Five Below during the 4th quarter valued at about $68,000.

Insiders Place Their Bets

In related news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FIVE. Mizuho cut their price objective on Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Bank of America lowered their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research note on Thursday, March 20th. The Goldman Sachs Group cut their price objective on shares of Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 21st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Finally, Barclays cut their price target on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $94.30.

Read Our Latest Research Report on Five Below

Five Below Stock Up 5.1 %

FIVE stock opened at $63.56 on Tuesday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $159.80. The business’s fifty day simple moving average is $78.16 and its two-hundred day simple moving average is $89.69.

Five Below (NASDAQ:FIVE – Get Free Report) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $3.65 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Five Below Company Profile

(Free Report)

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.

Further Reading

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