Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 102,600 shares of the specialty retailer’s stock, valued at approximately $23,442,000.
Other hedge funds have also recently made changes to their positions in the company. Bayban bought a new stake in shares of Five Below during the fourth quarter worth about $34,000. V Square Quantitative Management LLC bought a new position in Five Below in the 4th quarter valued at approximately $35,000. Spire Wealth Management acquired a new stake in Five Below during the 4th quarter worth approximately $38,000. Advisory Services Network LLC acquired a new stake in Five Below during the 3rd quarter worth approximately $32,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Five Below by 182.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 146 shares during the last quarter.
Five Below Stock Performance
Five Below stock opened at $203.19 on Monday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.07 and a beta of 1.00. Five Below, Inc. has a 52-week low of $130.00 and a 52-week high of $251.63. The firm has a 50 day moving average price of $198.78 and a two-hundred day moving average price of $209.63.
Analyst Ratings Changes
Several equities analysts have issued reports on FIVE shares. Royal Bank Of Canada cut shares of Five Below to a “sector perform” rating in a research report on Thursday, July 9th. Citigroup initiated coverage on shares of Five Below in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Craig Hallum boosted their price objective on shares of Five Below from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. BNP Paribas Exane increased their price objective on Five Below from $262.00 to $291.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Finally, Evercore set a $215.00 target price on Five Below in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Five Below has an average rating of “Moderate Buy” and a consensus target price of $254.05.
Get Our Latest Stock Analysis on Five Below
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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