Jupiter Topco LLC bought a new position in Five Below, Inc. (NASDAQ:FIVE – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 24,723 shares of the specialty retailer’s stock, valued at approximately $4,444,000.
Several other institutional investors have also modified their holdings of the stock. Castleark Management LLC raised its stake in Five Below by 27.8% during the fourth quarter. Castleark Management LLC now owns 48,340 shares of the specialty retailer’s stock worth $9,105,000 after purchasing an additional 10,520 shares during the period. Mach 1 Financial Group LLC acquired a new position in Five Below in the 4th quarter valued at about $911,000. California Public Employees Retirement System grew its stake in shares of Five Below by 10.0% in the 1st quarter. California Public Employees Retirement System now owns 106,692 shares of the specialty retailer’s stock valued at $24,377,000 after buying an additional 9,682 shares during the period. Lisanti Capital Growth LLC grew its stake in shares of Five Below by 48.4% in the 4th quarter. Lisanti Capital Growth LLC now owns 43,844 shares of the specialty retailer’s stock valued at $8,258,000 after buying an additional 14,305 shares during the period. Finally, Norges Bank acquired a new stake in shares of Five Below during the 4th quarter worth approximately $182,786,000.
Five Below Stock Performance
NASDAQ:FIVE opened at $246.84 on Tuesday. The stock has a market capitalization of $13.65 billion, a P/E ratio of 31.17, a PEG ratio of 1.25 and a beta of 0.98. The company has a 50 day moving average price of $213.42 and a 200 day moving average price of $216.77. Five Below, Inc. has a fifty-two week low of $137.77 and a fifty-two week high of $263.88.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. UBS Group reiterated a “buy” rating on shares of Five Below in a report on Wednesday, August 19th. Craig Hallum raised their target price on Five Below from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Telsey Advisory Group lifted their target price on Five Below from $260.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. Loop Capital lowered Five Below from a “buy” rating to a “hold” rating and set a $250.00 price target on the stock. in a research note on Tuesday, August 25th. Finally, Sanford C. Bernstein upgraded Five Below from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $247.00 to $250.00 in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Five Below presently has an average rating of “Moderate Buy” and an average target price of $265.10.
Check Out Our Latest Stock Analysis on FIVE
Five Below 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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