Chicago Partners Investment Group LLC lifted its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 62.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,432 shares of the specialty retailer’s stock after purchasing an additional 3,637 shares during the period. Chicago Partners Investment Group LLC’s holdings in Five Below were worth $2,266,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Bayban acquired a new position in shares of Five Below in the fourth quarter worth $34,000. V Square Quantitative Management LLC acquired a new stake in shares of Five Below in the fourth quarter valued at $35,000. Spire Wealth Management acquired a new stake in shares of Five Below in the fourth quarter valued at $38,000. Advisory Services Network LLC purchased a new position in Five Below in the third quarter valued at $32,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Five Below by 182.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 146 shares during the period.
Five Below Price Performance
NASDAQ:FIVE opened at $193.11 on Wednesday. Five Below, Inc. has a 12 month low of $130.00 and a 12 month high of $251.63. The firm has a market capitalization of $10.68 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The business’s fifty day moving average price is $201.25 and its 200 day moving average price is $209.01.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Sanford C. Bernstein upped their price target on Five Below from $243.00 to $247.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. BNP Paribas Exane increased their price target on Five Below from $262.00 to $291.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Guggenheim decreased their price objective on Five Below from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Weiss Ratings downgraded Five Below from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Finally, KeyCorp restated a “sector weight” rating on shares of Five Below in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $253.90.
Check Out Our Latest Analysis on Five Below
Five Below Company 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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