Nykredit A S acquired a new position in Five Below, Inc. (NASDAQ:FIVE – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,104 shares of the specialty retailer’s stock, valued at approximately $378,000.
Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Five Below during the second quarter valued at about $31,000. Basecamp Wealth Advisors LLC boosted its stake in shares of Five Below by 83.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 182 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 83 shares in the last quarter. Bayban acquired a new position in shares of Five Below during the 4th quarter valued at about $34,000. Elevation Wealth Partners LLC increased its holdings in shares of Five Below by 966.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 192 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 174 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Five Below in the 3rd quarter valued at approximately $32,000.
Five Below Price Performance
Shares of Five Below stock opened at $254.07 on Wednesday. Five Below, Inc. has a fifty-two week low of $137.77 and a fifty-two week high of $263.88. The firm has a fifty day moving average price of $221.02 and a two-hundred day moving average price of $218.46. The company has a market cap of $13.99 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Susquehanna lowered Five Below to a “neutral” rating in a report on Tuesday, July 21st. UBS Group lifted their price target on shares of Five Below from $285.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Guggenheim boosted their price objective on shares of Five Below from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Telsey Advisory Group upped their price objective on shares of Five Below from $280.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Finally, BMO Capital Markets began coverage on shares of Five Below in a research note on Tuesday, July 21st. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Five Below currently has an average rating of “Moderate Buy” and an average target price of $300.70.
Read Our Latest Stock Analysis on Five Below
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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