Janney Montgomery Scott LLC Increases Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Janney Montgomery Scott LLC lifted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 72.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,815 shares of the specialty retailer’s stock after purchasing an additional 9,188 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Five Below were worth $1,927,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FIVE. Point72 Asset Management L.P. boosted its holdings in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Marshall Wace LLP grew its holdings in Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after acquiring an additional 207,083 shares during the period. Dimensional Fund Advisors LP raised its position in Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after acquiring an additional 167,330 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Five Below by 318,361.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after acquiring an additional 108,243 shares during the period. Finally, Riverbridge Partners LLC boosted its position in shares of Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares in the last quarter.

Analyst Ratings Changes

FIVE has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Citigroup reduced their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Telsey Advisory Group lowered their price target on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Mizuho reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Five Below in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered Five Below from a “neutral” rating to an “underweight” rating and upped their target price for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.40.

Five Below Price Performance

Shares of FIVE stock opened at $83.26 on Wednesday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The firm’s 50-day simple moving average is $91.00 and its 200-day simple moving average is $100.16. The firm has a market cap of $4.58 billion, a P/E ratio of 16.39, a PEG ratio of 0.95 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Analysts expect that Five Below, Inc. will post 4.56 earnings per share for the current fiscal year.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.