Castleark Management LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 17.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,110 shares of the specialty retailer’s stock after selling 8,230 shares during the quarter. Castleark Management LLC’s holdings in Five Below were worth $9,164,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted 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 buying an additional 49 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Five Below by 26.6% during the 1st quarter. Bessemer Group Inc. now owns 257 shares of the specialty retailer’s stock worth $59,000 after acquiring an additional 54 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Five Below by 29.6% during the 1st quarter. V Square Quantitative Management LLC now owns 241 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 55 shares during the last quarter. Optimize Financial Inc increased its holdings in shares of Five Below by 1.4% during the 4th 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 last quarter. Finally, Benjamin Edwards Inc. raised its stake in Five Below by 1.6% in the 4th quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock valued at $705,000 after acquiring an additional 60 shares during the period.
Five Below Stock Performance
FIVE stock opened at $203.19 on Monday. The company’s 50-day simple moving average is $198.78 and its 200 day simple moving average is $209.63. Five Below, Inc. has a 52 week low of $130.00 and a 52 week high of $251.63. The company has a market capitalization of $11.23 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. BNP Paribas Exane upped their price objective on shares of Five Below from $262.00 to $291.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Citigroup began coverage on shares of Five Below in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Evercore set a $215.00 target price on shares of Five Below in a report on Tuesday, July 7th. Jefferies Financial Group reiterated a “hold” rating on shares of Five Below in a research note on Thursday, June 4th. Finally, Raymond James Financial raised shares of Five Below to an “outperform” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $254.05.
Check Out Our Latest Report 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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