AGF Management Ltd. acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 47,216 shares of the specialty retailer’s stock, valued at approximately $7,304,000. AGF Management Ltd. owned 0.09% of Five Below as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in FIVE. NewEdge Advisors LLC lifted its holdings in Five Below by 143.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 645 shares during the last quarter. United Services Automobile Association bought a new position in shares of Five Below in the first quarter valued at approximately $268,000. Empowered Funds LLC bought a new position in shares of Five Below in the first quarter valued at approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Five Below by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock worth $13,825,000 after acquiring an additional 21,625 shares in the last quarter. Finally, Focus Partners Wealth grew its position in Five Below by 63.8% during the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 1,503 shares during the last quarter.
Five Below Trading Up 3.2%
Shares of NASDAQ FIVE opened at $197.80 on Tuesday. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $205.22. The firm’s 50-day moving average is $185.30 and its 200-day moving average is $160.92. The firm has a market capitalization of $10.91 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.76 and a beta of 1.14.
Insiders Place Their Bets
In other Five Below news, Director Kathleen S. Barclay sold 2,200 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $182.03, for a total value of $400,466.00. Following the transaction, the director owned 9,214 shares of the company’s stock, valued at approximately $1,677,224.42. This represents a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Maureen Marie Gellerman sold 544 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $174.38, for a total value of $94,862.72. Following the transaction, the insider owned 12,163 shares of the company’s stock, valued at $2,120,983.94. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 50,769 shares of company stock valued at $9,365,308 in the last ninety days. 1.90% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several brokerages have issued reports on FIVE. Barclays lifted their price objective on Five Below from $160.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised Five Below from a “hold” rating to a “buy” rating and set a $242.00 price target for the company in a report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Five Below in a report on Thursday, January 22nd. Guggenheim set a $225.00 price objective on shares of Five Below in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company upped their target price on shares of Five Below from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Five Below currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.60.
Get 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.
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