Fairvoy Private Wealth LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,044 shares of the specialty retailer’s stock, valued at approximately $695,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Five Below by 40,774,210.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock worth $10,445,139,000 after purchasing an additional 55,452,926 shares in the last quarter. Norges Bank acquired a new position in Five Below in the fourth quarter valued at about $182,786,000. AQR Capital Management LLC grew its stake in Five Below by 176.0% during the fourth quarter. AQR Capital Management LLC now owns 1,168,832 shares of the specialty retailer’s stock worth $220,161,000 after buying an additional 745,272 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Five Below by 54.6% during the fourth quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock worth $336,254,000 after buying an additional 630,710 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Five Below during the fourth quarter worth approximately $100,884,000.
Five Below Price Performance
FIVE stock opened at $186.59 on Friday. The company has a 50 day moving average price of $214.32 and a 200 day moving average price of $208.80. Five Below, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $251.63. The stock has a market capitalization of $10.32 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97.
Wall Street Analyst Weigh In
FIVE has been the topic of several recent analyst reports. Loop Capital reissued a “buy” rating and issued a $250.00 target price on shares of Five Below in a report on Thursday, June 4th. Weiss Ratings cut Five Below from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. JPMorgan Chase & Co. lifted their price objective on Five Below from $296.00 to $306.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Craig Hallum boosted their price objective on Five Below from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Citigroup increased their target price on Five Below from $200.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.40.
Get Our Latest Stock Report on Five Below
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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