Lisanti Capital Growth LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm acquired 34,500 shares of the specialty retailer’s stock, valued at approximately $4,526,000.
Several other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in Five Below by 653.8% during the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Five Below by 1,097.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 417 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Five Below by 1,940.9% in the 2nd quarter. True Wealth Design LLC now owns 449 shares of the specialty retailer’s stock worth $59,000 after buying an additional 427 shares during the last quarter. Concord Wealth Partners purchased a new position in shares of Five Below in the 2nd quarter worth approximately $66,000. Finally, Parallel Advisors LLC grew its holdings in shares of Five Below by 68.4% in the second quarter. Parallel Advisors LLC now owns 532 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 216 shares in the last quarter.
Five Below Stock Performance
NASDAQ:FIVE opened at $152.28 on Friday. Five Below, Inc. has a 52-week low of $52.38 and a 52-week high of $168.98. The business’s fifty day moving average is $152.53 and its 200 day moving average is $132.50. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.33 and a beta of 1.21.
Insider Transactions at Five Below
In related news, EVP Ronald James Masciantonio sold 818 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $146.41, for a total value of $119,763.38. Following the completion of the transaction, the executive vice president directly owned 9,858 shares of the company’s stock, valued at $1,443,309.78. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on FIVE. Bank of America lifted their price target on Five Below from $93.00 to $110.00 and gave the stock an “underperform” rating in a report on Thursday, August 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 target price on shares of Five Below in a research report on Thursday, October 2nd. Mizuho lifted their target price on Five Below from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Five Below in a research report on Wednesday, October 8th. Finally, Craig Hallum raised their price objective on shares of Five Below from $164.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Five Below presently has a consensus rating of “Hold” and an average target price of $154.67.
Read Our Latest Research Report on FIVE
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.
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