Azzad Asset Management Inc. ADV bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 6,646 shares of the specialty retailer’s stock, valued at approximately $1,519,000.
Several other large investors also recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of Five Below in the third quarter worth $32,000. Bayban acquired a new position in Five Below in the fourth quarter valued at about $34,000. V Square Quantitative Management LLC bought a new stake in Five Below during the fourth quarter worth about $35,000. Spire Wealth Management bought a new stake in Five Below during the fourth quarter worth about $38,000. Finally, iSAM Funds UK Ltd acquired a new stake in Five Below during the third quarter worth about $40,000.
Five Below Stock Up 2.8%
Shares of FIVE stock opened at $189.39 on Friday. Five Below, Inc. has a twelve month low of $127.87 and a twelve month high of $251.63. The stock’s fifty day simple moving average is $202.80 and its 200 day simple moving average is $208.79. The firm has a market capitalization of $10.47 billion, a P/E ratio of 23.91, a P/E/G ratio of 0.98 and a beta of 1.00.
Wall Street Analyst Weigh In
FIVE has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Five Below from $220.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. upped their price target on shares of Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Truist Financial increased their price target on shares of Five Below from $261.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Five Below in a research report on Thursday, June 4th. Finally, Guggenheim decreased their price objective on shares of Five Below from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.90.
View Our Latest Research Report on Five Below
Five Below Profile
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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