Quantbot Technologies LP Acquires 2,312 Shares of Five Below, Inc. (NASDAQ:FIVE)

Quantbot Technologies LP grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 16.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,772 shares of the specialty retailer’s stock after buying an additional 2,312 shares during the period. Quantbot Technologies LP’s holdings in Five Below were worth $1,482,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Riverbridge Partners LLC boosted its holdings 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 valued at $150,151,000 after buying an additional 72,020 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Five Below by 556.2% during 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 buying an additional 769,980 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after buying an additional 207,083 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after buying an additional 167,330 shares in the last quarter.

Five Below Trading Down 0.3 %

Shares of NASDAQ:FIVE opened at $92.70 on Friday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The company has a market cap of $5.10 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20. The stock has a 50 day moving average of $90.51 and a 200 day moving average of $96.06.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Equities research analysts predict that Five Below, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FIVE shares. Truist Financial boosted their target price on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, November 7th. Telsey Advisory Group cut shares of Five Below from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $102.00 to $95.00 in a research note on Monday, November 25th. Mizuho reiterated a “neutral” rating and issued a $85.00 price target on shares of Five Below in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.05.

Five Below Company 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.