Empowered Funds LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 47,014 shares of the specialty retailer’s stock, valued at approximately $8,453,000. Empowered Funds LLC owned approximately 0.09% of Five Below as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in Five Below by 143.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock worth $82,000 after acquiring an additional 645 shares during the period. United Services Automobile Association purchased a new position in Five Below during the first quarter valued at approximately $268,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $13,825,000 after purchasing an additional 21,625 shares during the period. Focus Partners Wealth boosted its position in shares of Five Below by 63.8% in the first quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 1,503 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Five Below by 10.0% in the second quarter. Invesco Ltd. now owns 97,677 shares of the specialty retailer’s stock worth $12,813,000 after purchasing an additional 8,850 shares in the last quarter.
Five Below Price Performance
NASDAQ FIVE opened at $241.89 on Friday. Five Below, Inc. has a 1-year low of $137.77 and a 1-year high of $263.88. The business has a 50 day simple moving average of $212.35 and a two-hundred day simple moving average of $216.44. The stock has a market capitalization of $13.37 billion, a PE ratio of 30.54, a P/E/G ratio of 1.26 and a beta of 0.98.
Wall Street Analyst Weigh In
FIVE has been the topic of several recent analyst reports. Susquehanna downgraded shares of Five Below to a “neutral” rating in a research report on Tuesday, July 21st. Raymond James Financial upgraded Five Below to an “outperform” rating in a research note on Tuesday, July 21st. Jefferies Financial Group raised Five Below from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $350.00 in a report on Thursday, August 13th. KeyCorp restated a “sector weight” rating on shares of Five Below in a research report on Thursday, June 4th. Finally, Cantor Fitzgerald lowered Five Below to a “neutral” rating in a research note on Thursday, August 13th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $265.10.
Check Out Our Latest Stock Report on Five Below
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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