Grandeur Peak Global Advisors LLC bought a new stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 26,103 shares of the specialty retailer’s stock, valued at approximately $1,543,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Castleark Management LLC raised its stake in shares of Five Below by 27.8% during the 4th quarter. Castleark Management LLC now owns 48,340 shares of the specialty retailer’s stock worth $9,105,000 after buying an additional 10,520 shares during the period. Mach 1 Financial Group LLC acquired a new stake in Five Below in the 4th quarter valued at $911,000. California Public Employees Retirement System grew its stake in Five Below by 10.0% in the 1st quarter. California Public Employees Retirement System now owns 106,692 shares of the specialty retailer’s stock valued at $24,377,000 after acquiring an additional 9,682 shares during the period. Lisanti Capital Growth LLC increased its holdings in Five Below by 48.4% in the 4th quarter. Lisanti Capital Growth LLC now owns 43,844 shares of the specialty retailer’s stock worth $8,258,000 after acquiring an additional 14,305 shares in the last quarter. Finally, Norges Bank purchased a new stake in Five Below in the 4th quarter worth $182,786,000.
Five Below Price Performance
FIVE opened at $246.98 on Friday. The company’s 50 day simple moving average is $211.40 and its two-hundred day simple moving average is $216.26. Five Below, Inc. has a 1-year low of $137.77 and a 1-year high of $263.88. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 1.34 and a beta of 0.98.
Wall Street Analyst Weigh In
FIVE has been the topic of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Five Below in a report on Wednesday, August 19th. Royal Bank Of Canada cut shares of Five Below to a “sector perform” rating in a research note on Thursday, July 9th. The Goldman Sachs Group lowered shares of Five Below from a “buy” rating to a “sell” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on Five Below from $296.00 to $306.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Wall Street Zen lowered Five Below from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $264.10.
Get Our Latest Stock Report on Five Below
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.
Recommended Stories
- Five stocks we like better than Five Below
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE – Free Report).
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.
