Sanctuary Advisors LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 9,189 shares of the specialty retailer’s stock, valued at approximately $1,652,000.
A number of other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Five Below by 40,774,210.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after acquiring an additional 55,452,926 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Five Below during the second quarter valued at approximately $964,867,000. Marshall Wace LLP increased its holdings in shares of Five Below by 54.6% in the fourth quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock valued at $336,254,000 after purchasing an additional 630,710 shares in the last quarter. Federated Hermes Inc. raised its position in Five Below by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 1,508,393 shares of the specialty retailer’s stock worth $284,121,000 after purchasing an additional 45,761 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Five Below by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 1,192,697 shares of the specialty retailer’s stock worth $224,656,000 after buying an additional 344,592 shares in the last quarter.
Five Below Price Performance
Shares of NASDAQ:FIVE opened at $257.35 on Thursday. The firm’s 50 day simple moving average is $210.34 and its 200 day simple moving average is $215.94. Five Below, Inc. has a fifty-two week low of $137.77 and a fifty-two week high of $263.88. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 1.35 and a beta of 0.98.
More Five Below News
Here are the key news stories impacting Five Below this week:
- Positive Sentiment: Truist raised its price target on Five Below from $265 to $273 and maintained a “buy” rating, implying additional upside from the recent trading level. Five Below price target raised by Truist
- Positive Sentiment: Five Below reached a new one-year high, reflecting continued momentum following its latest earnings beat. The company reported quarterly EPS of $2.22 versus the $1.77 consensus estimate, while revenue increased 32.5% year over year to $1.29 billion.
- Positive Sentiment: Five Below is included in the dollar-store earnings spotlight, with analysts raising price targets ahead of upcoming results. The earnings event could provide another catalyst if sales growth and full-year guidance remain strong. Dollar stores in earnings spotlight
- Neutral Sentiment: The reported August short-interest data shows zero shares sold short and a zero-day days-to-cover ratio. Because the figures are inconsistent with the reported increase in short interest, they provide no reliable indication of investor positioning.
- Neutral Sentiment: At roughly $257 per share, Five Below’s valuation remains elevated, with a price-to-earnings ratio near 32. The stock’s proximity to its $263.88 52-week high may support momentum but also raises the risk of profit-taking.
- Negative Sentiment: Loop downgraded Five Below, citing a “stretched valuation.” The call suggests that much of the company’s earnings growth may already be reflected in the stock price. Five Below valuation downgrade at Loop
- Negative Sentiment: Another Wall Street analyst also moved away from a bullish stance, adding pressure to the shares after their strong run. Five Below analyst downgrade
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Craig Hallum lifted their target price on Five Below from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. UBS Group reissued a “buy” rating on shares of Five Below in a report on Wednesday, August 19th. Weiss Ratings lowered shares of Five Below from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Cantor Fitzgerald cut shares of Five Below to a “neutral” rating in a research report on Thursday, August 13th. Finally, Oppenheimer initiated coverage on shares of Five Below in a report on Thursday, August 13th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.10.
Read Our Latest Stock Analysis on FIVE
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 Articles
- Five stocks we like better than Five Below
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
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.
