Hsbc Holdings PLC raised its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 304.7% in the first quarter, Holdings Channel.com reports. The firm owned 27,570 shares of the specialty retailer’s stock after buying an additional 20,758 shares during the period. Hsbc Holdings PLC’s holdings in Five Below were worth $6,274,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of FIVE. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $10,445,139,000 after buying an additional 55,452,926 shares during the last quarter. Norges Bank acquired a new stake in Five Below in the fourth quarter valued at $182,786,000. AQR Capital Management LLC raised its holdings 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 acquiring an additional 745,272 shares in the last quarter. Marshall Wace LLP boosted its stake in Five Below by 54.6% during the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock valued at $336,254,000 after acquiring an additional 630,710 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Five Below during the 4th quarter valued at $100,884,000.
Five Below Stock Down 1.7%
FIVE opened at $201.31 on Friday. The company’s 50-day moving average price is $198.99 and its 200 day moving average price is $209.58. Five Below, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $251.63. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00.
Analyst Upgrades and Downgrades
FIVE has been the subject of several research analyst reports. Morgan Stanley downgraded shares of Five Below from an “equal weight” rating to an “underweight” rating in a research report on Tuesday. Susquehanna downgraded Five Below to a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada lowered Five Below to a “sector perform” rating in a report on Thursday, July 9th. Barclays cut their price objective on Five Below from $240.00 to $224.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Finally, Sanford C. Bernstein raised Five Below from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $247.00 to $250.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.05.
View Our Latest Report 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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