Cookson Peirce & Co. Inc. trimmed its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,481 shares of the specialty retailer’s stock after selling 6,405 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Five Below were worth $10,694,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Five Below during the 2nd quarter valued at approximately $31,000. Advisory Services Network LLC bought a new stake in Five Below in the third quarter worth $32,000. Bayban purchased a new stake in Five Below during the fourth quarter valued at $34,000. Elevation Wealth Partners LLC raised its stake in Five Below by 966.7% during the second quarter. Elevation Wealth Partners LLC now owns 192 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 174 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in Five Below in the third quarter worth $40,000.
Five Below Stock Down 2.1%
FIVE opened at $241.89 on Friday. The firm’s 50-day moving average price is $212.35 and its 200-day moving average price is $216.44. The company has a market cap of $13.37 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. Five Below, Inc. has a 52-week low of $137.77 and a 52-week high of $263.88.
Analyst Upgrades and Downgrades
FIVE has been the topic of a number of analyst reports. Jefferies Financial Group upgraded shares of Five Below from a “hold” rating to a “buy” rating and boosted their price objective for the company from $210.00 to $350.00 in a research report on Thursday, August 13th. UBS Group reiterated a “buy” rating on shares of Five Below in a report on Wednesday, August 19th. Morgan Stanley downgraded shares of Five Below from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group cut Five Below from a “buy” rating to a “sell” rating in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada downgraded Five Below to a “sector perform” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $265.10.
Check Out Our Latest Stock Analysis on FIVE
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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