Cinctive Capital Management LP lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 44.4% in the 4th quarter, Holdings Channel reports. The firm owned 64,084 shares of the specialty retailer’s stock after acquiring an additional 19,701 shares during the period. Cinctive Capital Management LP’s holdings in Five Below were worth $12,071,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Five Below during the fourth quarter worth about $35,000. Spire Wealth Management bought a new stake in Five Below in the 4th quarter worth approximately $38,000. Advisory Services Network LLC bought a new stake in Five Below in the 3rd quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. lifted its position in Five Below by 182.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer’s stock worth $46,000 after buying an additional 146 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in Five Below by 331.5% in the 4th quarter. Whittier Trust Co. now owns 233 shares of the specialty retailer’s stock worth $47,000 after buying an additional 179 shares during the last quarter.
Five Below Stock Performance
Shares of FIVE stock opened at $191.26 on Thursday. Five Below, Inc. has a fifty-two week low of $121.11 and a fifty-two week high of $251.63. The stock has a 50 day moving average price of $218.25 and a two-hundred day moving average price of $207.74. The company has a market capitalization of $10.57 billion, a P/E ratio of 24.15, a PEG ratio of 1.01 and a beta of 0.97.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Bank of America boosted their target price on Five Below from $260.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Barclays dropped their target price on Five Below from $240.00 to $224.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Evercore set a $220.00 target price on Five Below in a research report on Thursday, June 4th. Telsey Advisory Group boosted their target price on Five Below from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Five Below in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Five Below presently has an average rating of “Moderate Buy” and an average price target of $254.40.
Read Our Latest Research Report on Five Below
Five Below News Roundup
Here are the key news stories impacting Five Below this week:
- Positive Sentiment: Five Below announced two leadership additions: Rodney Lastinger will become Chief Retail Officer and Christos Yatrakis has joined as Chief Legal Officer. The hires should strengthen store operations, governance, and execution across the company’s nearly 2,000 locations. Five Below Announces Leadership Appointments
- Positive Sentiment: Zacks Research raised earnings estimates for Five Below across multiple future periods, signaling confidence that the company’s growth and profitability can improve over time. Five Below analyst estimate updates
- Positive Sentiment: Five Below was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, reinforcing the bullish view from analysts on the retailer’s growth profile. Best Growth Stocks to Buy for June 17th
- Neutral Sentiment: Separate consumer-interest stories highlighted Five Below products and brand appeal, including viral shopping posts about low-priced items. These may support awareness, but they are less likely to move the stock materially on their own.
- Neutral Sentiment: Shareholders also backed board and governance reforms at the annual meeting, which may help longer-term oversight but is not an immediate operating catalyst.
Insider Activity at Five Below
In other Five Below news, COO Kenneth R. Bull sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the completion of the sale, the chief operating officer owned 92,531 shares in the company, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the sale, the director owned 83,674 shares of the company’s stock, valued at $19,352,122.72. The trade was a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.96% of the company’s stock.
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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