Aristides Capital LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 4,461 shares of the specialty retailer’s stock, valued at approximately $1,019,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Five Below during the 3rd quarter valued at about $32,000. Bayban bought a new stake in shares of Five Below in the fourth quarter worth about $34,000. V Square Quantitative Management LLC purchased a new stake in shares of Five Below in the fourth quarter worth about $35,000. Spire Wealth Management purchased a new stake in shares of Five Below in the fourth quarter worth about $38,000. Finally, iSAM Funds UK Ltd bought a new position in Five Below during the third quarter valued at approximately $40,000.
Five Below Trading Down 1.7%
FIVE stock opened at $201.31 on Friday. Five Below, Inc. has a 12 month low of $130.00 and a 12 month high of $251.63. The company has a 50-day moving average price of $198.99 and a 200 day moving average price of $209.58. The stock has a market cap of $11.13 billion, a PE ratio of 25.42, a P/E/G ratio of 1.08 and a beta of 1.00.
Wall Street Analyst Weigh In
Several research firms have weighed in on FIVE. Weiss Ratings cut Five Below from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Mizuho upgraded Five Below from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $225.00 to $220.00 in a research report on Thursday, July 9th. Royal Bank Of Canada lowered shares of Five Below to a “sector perform” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Truist Financial raised their price objective on Five Below from $261.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Five Below presently has an average rating of “Moderate Buy” and an average price target of $254.05.
Check Out Our Latest Analysis 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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