SG Americas Securities LLC grew its stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 689.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 163,474 shares of the specialty retailer’s stock after buying an additional 142,763 shares during the quarter. SG Americas Securities LLC owned 0.30% of Five Below worth $37,351,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of FIVE. Advisory Services Network LLC acquired a new stake in shares of Five Below during the 3rd quarter worth approximately $32,000. Bayban purchased a new stake in Five Below during the fourth quarter worth $34,000. V Square Quantitative Management LLC purchased a new stake in Five Below during the fourth quarter worth $35,000. CI Investments Inc. grew its position in Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 74 shares during the period. Finally, Spire Wealth Management acquired a new stake in Five Below during the fourth quarter valued at $38,000.
Five Below Stock Down 3.9%
Shares of FIVE opened at $185.95 on Wednesday. Five Below, Inc. has a 52-week low of $123.25 and a 52-week high of $251.63. The stock has a market cap of $10.28 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. The firm’s fifty day moving average is $215.65 and its two-hundred day moving average is $208.57.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on FIVE. Sanford C. Bernstein upped their price objective on shares of Five Below from $243.00 to $247.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. William Blair upgraded Five Below from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. lifted their price target on Five Below from $296.00 to $306.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Craig Hallum upped their price target on Five Below from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Bank of America increased their price target on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.40.
View Our Latest Report 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.
Featured Stories
- Five stocks we like better than Five Below
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE – Free Report).
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.
