Landsberg Bennett & Dubbaneh LLC boosted its stake in shares of Five Below Inc (NASDAQ:FIVE) by 43.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,041 shares of the specialty retailer’s stock after purchasing an additional 2,120 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in Five Below were worth $891,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in FIVE. Tyers Asset Management LLC boosted its position in Five Below by 11.3% during the 1st quarter. Tyers Asset Management LLC now owns 9,688 shares of the specialty retailer’s stock worth $1,204,000 after acquiring an additional 980 shares during the period. Neuburgh Advisers LLC boosted its position in Five Below by 11.3% during the 1st quarter. Neuburgh Advisers LLC now owns 7,612 shares of the specialty retailer’s stock worth $946,000 after acquiring an additional 770 shares during the period. GYL Financial Synergies LLC acquired a new position in Five Below during the 1st quarter worth $889,000. Westfield Capital Management Co. LP boosted its position in Five Below by 104.7% during the 1st quarter. Westfield Capital Management Co. LP now owns 399,178 shares of the specialty retailer’s stock worth $49,598,000 after acquiring an additional 204,195 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in Five Below during the 1st quarter worth $871,000. Institutional investors and hedge funds own 97.75% of the company’s stock.
Shares of FIVE traded up $4.49 during midday trading on Friday, reaching $130.14. The stock had a trading volume of 53,007 shares, compared to its average volume of 656,868. Five Below Inc has a 52 week low of $86.57 and a 52 week high of $148.21. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.98 and a quick ratio of 1.09. The firm’s 50 day moving average price is $125.17 and its 200-day moving average price is $126.43. The company has a market capitalization of $6.99 billion, a P/E ratio of 50.64, a P/E/G ratio of 1.65 and a beta of 0.58.
FIVE has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 price target for the company. Craig Hallum initiated coverage on Five Below in a research report on Tuesday, September 10th. They set a “buy” rating and a $168.00 price target for the company. Barclays reiterated a “neutral” rating on shares of Five Below in a research report on Friday, August 30th. Royal Bank of Canada boosted their price target on Five Below from $126.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Loop Capital set a $145.00 price target on Five Below and gave the stock a “buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Five Below currently has an average rating of “Buy” and an average target price of $137.22.
Five Below Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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