Wasatch Advisors LP cut its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 35.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 818,382 shares of the specialty retailer’s stock after selling 450,372 shares during the period. Wasatch Advisors LP’s holdings in Five Below were worth $186,984,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in FIVE. Advisory Services Network LLC bought a new stake in Five Below in the third quarter worth approximately $32,000. Bayban bought a new position in shares of Five Below during the 4th quarter worth approximately $34,000. V Square Quantitative Management LLC bought a new position in shares of Five Below during the 4th quarter worth approximately $35,000. CI Investments Inc. grew its position in shares of Five Below by 44.3% during the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after buying an additional 74 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of Five Below during the 4th quarter worth approximately $38,000.
Five Below Stock Performance
Shares of Five Below stock opened at $188.54 on Friday. The stock has a market capitalization of $10.42 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. Five Below, Inc. has a 52 week low of $126.10 and a 52 week high of $251.63. The stock has a 50 day moving average price of $213.62 and a two-hundred day moving average price of $208.65.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Sanford C. Bernstein lifted their price objective on shares of Five Below from $243.00 to $247.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Telsey Advisory Group increased their target price on shares of Five Below from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Bank of America raised their price target on shares of Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Wolfe Research downgraded shares of Five Below from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Five Below from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Five Below has an average rating of “Moderate Buy” and a consensus target price of $254.40.
View Our Latest Stock Analysis on Five Below
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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