Two Sigma Investments LP Has $7.41 Million Position in Five Below Inc (FIVE)

Two Sigma Investments LP lessened its position in shares of Five Below Inc (NASDAQ:FIVE) by 91.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 72,391 shares of the specialty retailer’s stock after selling 730,692 shares during the period. Two Sigma Investments LP’s holdings in Five Below were worth $7,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Five Below by 1.8% in the fourth quarter. BlackRock Inc. now owns 6,691,838 shares of the specialty retailer’s stock worth $684,706,000 after purchasing an additional 116,413 shares during the period. Vanguard Group Inc. grew its holdings in Five Below by 5.4% in the third quarter. Vanguard Group Inc. now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after purchasing an additional 261,259 shares during the period. Vanguard Group Inc grew its holdings in Five Below by 5.4% in the third quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after purchasing an additional 261,259 shares during the period. Congress Asset Management Co. MA grew its holdings in Five Below by 633.8% in the fourth quarter. Congress Asset Management Co. MA now owns 856,355 shares of the specialty retailer’s stock worth $87,622,000 after purchasing an additional 739,646 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Five Below by 38.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 641,253 shares of the specialty retailer’s stock worth $65,613,000 after purchasing an additional 176,773 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

FIVE has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Five Below to $153.00 in a report on Sunday, December 2nd. ValuEngine cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Dougherty & Co upgraded shares of Five Below from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Monday, November 26th. BidaskClub upgraded shares of Five Below from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Finally, Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Five Below has a consensus rating of “Buy” and an average price target of $124.07.

Five Below stock opened at $116.97 on Monday. Five Below Inc has a fifty-two week low of $68.97 and a fifty-two week high of $136.13. The stock has a market cap of $6.52 billion, a P/E ratio of 65.35, a PEG ratio of 1.28 and a beta of 0.60.

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About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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