Jupiter Topco LLC purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,723 shares of the specialty retailer’s stock, valued at approximately $4,444,000.
Several other institutional investors also recently bought and sold shares of the business. Global Retirement Partners LLC raised its stake in shares of Five Below by 1.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,264 shares of the specialty retailer’s stock worth $615,000 after buying an additional 49 shares during the period. Bessemer Group Inc. grew its stake in Five Below by 26.6% in the 1st quarter. Bessemer Group Inc. now owns 257 shares of the specialty retailer’s stock valued at $59,000 after acquiring an additional 54 shares during the period. V Square Quantitative Management LLC grew its stake in Five Below by 29.6% in the 1st quarter. V Square Quantitative Management LLC now owns 241 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 55 shares during the period. Optimize Financial Inc increased its holdings in Five Below by 1.4% in 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 in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in Five Below by 1.6% in the 4th quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock worth $705,000 after acquiring an additional 60 shares in the last quarter.
Five Below Stock Up 2.0%
Five Below stock opened at $246.84 on Tuesday. The company has a fifty day simple moving average of $213.42 and a 200-day simple moving average of $216.77. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.25 and a beta of 0.98. Five Below, Inc. has a 52-week low of $137.77 and a 52-week high of $263.88.
Analysts Set New Price Targets
Several equities analysts have issued reports on FIVE shares. BNP Paribas Exane downgraded shares of Five Below from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Mizuho boosted their target price on shares of Five Below from $260.00 to $278.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Truist Financial upped their price target on shares of Five Below from $265.00 to $273.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Evercore set a $215.00 price target on shares of Five Below in a research note on Tuesday, July 7th. Finally, Weiss Ratings cut Five Below from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.10.
View Our Latest Analysis 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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