Y Intercept Hong Kong Ltd trimmed its stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 86.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,465 shares of the specialty retailer’s stock after selling 15,868 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Five Below were worth $563,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Five Below by 40,774,210.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after purchasing an additional 55,452,926 shares in the last quarter. Norges Bank purchased a new position in Five Below in the 4th quarter valued at about $182,786,000. AQR Capital Management LLC boosted its holdings in Five Below by 176.0% in the 4th quarter. AQR Capital Management LLC now owns 1,168,832 shares of the specialty retailer’s stock worth $220,161,000 after buying an additional 745,272 shares during the last quarter. Marshall Wace LLP boosted its holdings in Five Below by 54.6% in the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock worth $336,254,000 after buying an additional 630,710 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Five Below during the 4th quarter worth approximately $100,884,000.
Five Below Stock Performance
NASDAQ:FIVE opened at $191.53 on Tuesday. Five Below, Inc. has a one year low of $127.87 and a one year high of $251.63. The stock has a market cap of $10.59 billion, a PE ratio of 24.18, a P/E/G ratio of 1.00 and a beta of 1.00. The stock has a 50 day moving average price of $201.92 and a 200 day moving average price of $208.97.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on FIVE shares. Royal Bank Of Canada downgraded Five Below to a “sector perform” rating in a research report on Thursday. Truist Financial boosted their price target on Five Below from $261.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Craig Hallum increased their price objective on Five Below from $255.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. BNP Paribas Exane raised their price objective on Five Below from $262.00 to $291.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Finally, Barclays lowered their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Moderate Buy” and a consensus target price of $253.90.
View Our Latest Research Report 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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