Evolve Private Wealth LLC purchased a new position in Five Below, Inc. (NASDAQ:FIVE – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 2,514 shares of the specialty retailer’s stock, valued at approximately $452,000.
A number of other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Five Below in the second quarter valued at about $31,000. Advisory Services Network LLC bought a new stake in shares of Five Below during the 3rd quarter valued at about $32,000. Bayban purchased a new stake in shares of Five Below during the 4th quarter valued at about $34,000. Elevation Wealth Partners LLC lifted its stake in shares of Five Below by 966.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 192 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 174 shares during the period. Finally, iSAM Funds UK Ltd bought a new position in shares of Five Below in the 3rd quarter worth approximately $40,000.
Five Below Price Performance
Shares of FIVE stock opened at $259.41 on Wednesday. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.37 and a beta of 0.98. Five Below, Inc. has a one year low of $137.77 and a one year high of $263.88. The company’s fifty day moving average price is $209.02 and its 200-day moving average price is $215.50.
Five Below News Roundup
Here are the key news stories impacting Five Below this week:
- Positive Sentiment: Truist raised its price target for Five Below from $265 to $273 and maintained a Buy rating, implying additional upside from the recently reported share price. StreetInsider analyst comments
- Positive Sentiment: Five Below hit a fresh 52-week high, reflecting strong investor momentum. The company also recently reported better-than-expected quarterly results, including earnings per share of $2.22 versus the $1.77 consensus estimate and revenue growth of 32.5% year over year.
- Neutral Sentiment: Recent reporting highlights a sharp divergence among Wall Street analysts: some continue to support the stock while others have reduced their ratings. This could increase volatility following the company’s strong run.
- Neutral Sentiment: The reported August short-interest figures show zero shares and a zero-day days-to-cover ratio, but the stated percentage change is listed as “NaN,” making the data unreliable and offering little usable insight into short-selling pressure.
- Negative Sentiment: Loop downgraded Five Below, citing a stretched valuation after the stock’s substantial advance. Concerns that the share price has outpaced near-term fundamentals may be weighing on investor sentiment. Seeking Alpha article
- Negative Sentiment: Another Wall Street analyst is no longer bullish on Five Below, and the company was included among Tuesday’s notable analyst downgrades. The shift reinforces concerns about limited upside after the stock reached a record recent level. Benzinga analyst downgrades
Analyst Ratings Changes
FIVE has been the subject of several recent research reports. HSBC upgraded shares of Five Below to a “hold” rating in a research report on Tuesday, July 21st. Barclays dropped their price target on shares of Five Below from $240.00 to $224.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Sanford C. Bernstein upgraded Five Below from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $247.00 to $250.00 in a research note on Tuesday, July 21st. Guggenheim decreased their target price on Five Below from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Finally, Wolfe Research downgraded Five Below from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 13th. One 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, Five Below presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.20.
Read Our Latest Report 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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