Hsbc Holdings PLC trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 79.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,812 shares of the specialty retailer’s stock after selling 26,356 shares during the period. Hsbc Holdings PLC’s holdings in Five Below were worth $1,289,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in Five Below by 143.0% during the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 645 shares during the last quarter. United Services Automobile Association acquired a new position in Five Below in the first quarter valued at approximately $268,000. Empowered Funds LLC purchased a new position in Five Below in the first quarter valued at approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Five Below by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock valued at $13,825,000 after purchasing an additional 21,625 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in Five Below by 63.8% during the first quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 1,503 shares in the last quarter.
Five Below Price Performance
Shares of NASDAQ:FIVE opened at $189.39 on Monday. Five Below, Inc. has a 1-year low of $127.87 and a 1-year high of $251.63. The stock has a market cap of $10.47 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.00 and a beta of 1.00. The firm has a fifty day moving average price of $202.80 and a 200 day moving average price of $208.95.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on FIVE. Truist Financial boosted their price objective 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. Bank of America lifted their price target on shares of Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Wall Street Zen raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Jefferies Financial Group restated a “hold” rating on shares of Five Below in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada lowered Five Below to a “sector perform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.90.
Read Our Latest Analysis 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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