Bank of New York Mellon Corp purchased a new stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 330,524 shares of the specialty retailer’s stock, valued at approximately $59,425,000.
Several other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in Five Below by 143.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 645 shares during the last quarter. United Services Automobile Association bought a new stake in Five Below in the first quarter valued at approximately $268,000. Empowered Funds LLC acquired a new stake in shares of Five Below in the first quarter valued at approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Five Below by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock valued at $13,825,000 after buying an additional 21,625 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Five Below by 63.8% during the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 1,503 shares during the period.
Five Below Stock Down 0.8%
FIVE stock opened at $257.35 on Thursday. The company’s 50-day moving average price is $210.34 and its two-hundred day moving average price is $215.94. The firm has a market cap of $14.23 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.35 and a beta of 0.98. Five Below, Inc. has a 12 month low of $137.77 and a 12 month high of $263.88.
Analyst Ratings Changes
A number of research firms recently weighed in on FIVE. HSBC raised Five Below to a “hold” rating in a report on Tuesday, July 21st. Citigroup upgraded shares of Five Below from a “hold” rating to a “buy” rating in a report on Thursday, August 13th. Mizuho increased their price objective on shares of Five Below from $260.00 to $278.00 and gave the company an “outperform” rating in a research report on Wednesday. Wall Street Zen cut shares of Five Below from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Guggenheim reduced their target price on shares of Five Below from $260.00 to $250.00 and set a “buy” rating for the company in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.10.
Check Out Our Latest Stock Analysis on Five Below
Trending Headlines about Five Below
Here are the key news stories impacting Five Below this week:
- Positive Sentiment: Truist raised its price target on Five Below from $265 to $273 and maintained a “buy” rating, implying additional upside from the recent trading level. Five Below price target raised by Truist
- Positive Sentiment: Five Below reached a new one-year high, reflecting continued momentum following its latest earnings beat. The company reported quarterly EPS of $2.22 versus the $1.77 consensus estimate, while revenue increased 32.5% year over year to $1.29 billion.
- Positive Sentiment: Five Below is included in the dollar-store earnings spotlight, with analysts raising price targets ahead of upcoming results. The earnings event could provide another catalyst if sales growth and full-year guidance remain strong. Dollar stores in earnings spotlight
- Neutral Sentiment: The reported August short-interest data shows zero shares sold short and a zero-day days-to-cover ratio. Because the figures are inconsistent with the reported increase in short interest, they provide no reliable indication of investor positioning.
- Neutral Sentiment: At roughly $257 per share, Five Below’s valuation remains elevated, with a price-to-earnings ratio near 32. The stock’s proximity to its $263.88 52-week high may support momentum but also raises the risk of profit-taking.
- Negative Sentiment: Loop downgraded Five Below, citing a “stretched valuation.” The call suggests that much of the company’s earnings growth may already be reflected in the stock price. Five Below valuation downgrade at Loop
- Negative Sentiment: Another Wall Street analyst also moved away from a bullish stance, adding pressure to the shares after their strong run. Five Below analyst downgrade
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.
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