Fifth Third Bancorp lifted its stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 2,524.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,611 shares of the specialty retailer’s stock after purchasing an additional 25,597 shares during the quarter. Fifth Third Bancorp’s holdings in Five Below were worth $6,080,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Five Below during the 3rd quarter valued at approximately $32,000. Bayban purchased 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 during the fourth quarter worth $35,000. Spire Wealth Management acquired a new stake in shares of Five Below during the fourth quarter worth $38,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Five Below during the third quarter valued at $40,000.
Five Below Price Performance
Five Below stock opened at $197.71 on Friday. The stock has a market capitalization of $10.93 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.00. Five Below, Inc. has a 12 month low of $130.00 and a 12 month high of $251.63. The business has a 50 day simple moving average of $199.96 and a 200-day simple moving average of $209.10.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on FIVE shares. Evercore set a $215.00 target price on Five Below in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. BNP Paribas Exane boosted their price target on Five Below from $262.00 to $291.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Wolfe Research raised Five Below from a “cautious” rating to an “outperform” rating in a report on Thursday, July 9th. Finally, William Blair upgraded Five Below from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.90.
Read Our Latest Report on FIVE
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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