Fairvoy Private Wealth LLC bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,044 shares of the specialty retailer’s stock, valued at approximately $695,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of Five Below by 1.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,264 shares of the specialty retailer’s stock valued at $615,000 after acquiring an additional 49 shares during the period. Optimize Financial Inc increased its position in Five Below by 1.4% during the fourth quarter. Optimize Financial Inc now owns 3,948 shares of the specialty retailer’s stock worth $744,000 after acquiring an additional 56 shares during the period. Benjamin Edwards Inc. increased its position in Five Below by 1.6% during the fourth quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock worth $705,000 after acquiring an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Five Below by 0.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 12,338 shares of the specialty retailer’s stock valued at $2,324,000 after purchasing an additional 66 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in Five Below by 2.7% during the 4th quarter. Lido Advisors LLC now owns 2,559 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 68 shares during the last quarter.
Five Below Stock Performance
Shares of FIVE stock opened at $186.59 on Friday. Five Below, Inc. has a 52-week low of $126.10 and a 52-week high of $251.63. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.00 and a beta of 0.97. The firm has a fifty day moving average of $214.32 and a 200-day moving average of $208.80.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on FIVE. Mizuho decreased their price target on shares of Five Below from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. William Blair upgraded shares of Five Below from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th. Morgan Stanley decreased their target price on Five Below from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. Craig Hallum boosted their price target on Five Below from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Truist Financial upped their price target on Five Below from $261.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.40.
Check Out Our Latest Stock Analysis on FIVE
About Five Below
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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