Freestone Grove Partners LP Makes New $52.57 Million Investment in Five Below, Inc. $FIVE

Posted by Stanley Muller on Aug 27th, 2026

Freestone Grove Partners LP bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 292,384 shares of the specialty retailer’s stock, valued at approximately $52,568,000.

A number of other large investors also recently made changes to their positions in FIVE. Northwestern Mutual Wealth Management Co. grew its stake in shares of Five Below by 40,774,210.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after purchasing an additional 55,452,926 shares during the period. BlackRock Inc. bought a new stake in Five Below in the second quarter valued at about $964,867,000. Norges Bank bought a new stake in Five Below in the fourth quarter valued at about $182,786,000. AQR Capital Management LLC lifted its stake in Five Below by 176.0% in the fourth quarter. AQR Capital Management LLC now owns 1,168,832 shares of the specialty retailer’s stock valued at $220,161,000 after buying an additional 745,272 shares during the period. Finally, Marshall Wace LLP lifted its stake in 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 buying an additional 630,710 shares during the period.

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

Five Below Trading Down 0.8%

FIVE stock opened at $257.35 on Thursday. Five Below, Inc. has a 1-year low of $137.77 and a 1-year high of $263.88. The firm has a market cap of $14.23 billion, a PE ratio of 32.49, a P/E/G ratio of 1.35 and a beta of 0.98. The business’s 50-day moving average price is $210.34 and its two-hundred day moving average price is $215.94.

Five Below (NASDAQ:FIVE – Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The specialty retailer reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.45. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. Five Below had a return on equity of 21.31% and a net margin of 8.67%.The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. Five Below has set its FY 2026 guidance at 8.650-9.050 EPS and its Q2 2026 guidance at 1.170-1.290 EPS. On average, analysts forecast that Five Below, Inc. will post 9.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FIVE. Cantor Fitzgerald lowered Five Below to a “neutral” rating in a research report on Thursday, August 13th. HSBC upgraded shares of Five Below to a “hold” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Oppenheimer initiated coverage on shares of Five Below in a report on Thursday, August 13th. They set an “outperform” rating for the company. Finally, Benchmark initiated coverage on shares of Five Below in a research note on Thursday, August 13th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.10.

Get Our Latest Research Report on Five Below

About Five Below

(Free Report)

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.