Algert Global LLC Has $2.28 Million Stake in Five Below, Inc. (NASDAQ:FIVE)

Algert Global LLC grew its stake in Five Below, Inc. (NASDAQ:FIVE) by 364.2% during the third quarter, HoldingsChannel reports. The firm owned 25,830 shares of the specialty retailer’s stock after buying an additional 20,266 shares during the quarter. Algert Global LLC’s holdings in Five Below were worth $2,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Paladin Wealth LLC acquired a new stake in Five Below in the third quarter valued at approximately $26,000. Partnership Wealth Management LLC boosted its holdings in shares of Five Below by 2,000.0% during the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. LRI Investments LLC bought a new stake in Five Below during the 1st quarter worth $38,000. Hobbs Group Advisors LLC acquired a new position in Five Below in the 2nd quarter worth about $44,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Five Below in the second quarter valued at about $50,000.

Five Below Stock Down 3.0 %

Five Below stock opened at $88.90 on Wednesday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The firm’s fifty day moving average is $91.01 and its 200 day moving average is $96.46. The company has a market capitalization of $4.89 billion, a PE ratio of 17.49, a PEG ratio of 0.96 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The firm 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%. Sell-side analysts expect that Five Below, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the topic of several research reports. Mizuho restated a “neutral” rating and set a $85.00 price target on shares of Five Below in a report on Thursday, October 3rd. UBS Group reduced their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Citigroup decreased their price objective on Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Finally, KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Five Below has an average rating of “Hold” and an average price target of $106.05.

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.