Blueshift Asset Management LLC Acquires Shares of 8,208 Five Below, Inc. $FIVE

Blueshift Asset Management LLC purchased a new stake in Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,208 shares of the specialty retailer’s stock, valued at approximately $1,077,000.

Several other hedge funds have also recently bought and sold shares of FIVE. Jump Financial LLC lifted its holdings in Five Below by 41.3% during the 1st quarter. Jump Financial LLC now owns 159,433 shares of the specialty retailer’s stock worth $11,946,000 after purchasing an additional 46,586 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Five Below by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock worth $501,000 after buying an additional 155 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Five Below by 169.9% in the first quarter. Smartleaf Asset Management LLC now owns 1,997 shares of the specialty retailer’s stock valued at $146,000 after acquiring an additional 1,257 shares during the period. Entropy Technologies LP bought a new stake in shares of Five Below in the first quarter valued at about $240,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Five Below by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 681,872 shares of the specialty retailer’s stock valued at $51,089,000 after acquiring an additional 28,601 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho lifted their price objective on shares of Five Below from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Craig Hallum lifted their price target on shares of Five Below from $164.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. The Goldman Sachs Group boosted their price target on Five Below from $143.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Loop Capital upgraded Five Below from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $165.00 in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company lifted their price objective on Five Below from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.06.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $161.74 on Tuesday. The firm has a 50 day moving average price of $154.44 and a two-hundred day moving average price of $140.71. The stock has a market cap of $8.92 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $168.98.

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.