Venturi Wealth Management LLC purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,777 shares of the specialty retailer’s stock, valued at approximately $233,000.
A number of other institutional investors also recently modified their holdings of FIVE. Federated Hermes Inc. lifted its stake in shares of Five Below by 26,340.9% during the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock valued at $111,337,000 after buying an additional 1,480,361 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Five Below by 494.5% during the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock valued at $88,042,000 after buying an additional 977,411 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Five Below by 433.1% during the 1st quarter. AQR Capital Management LLC now owns 770,626 shares of the specialty retailer’s stock valued at $54,668,000 after buying an additional 626,077 shares in the last quarter. Junto Capital Management LP purchased a new stake in shares of Five Below during the 1st quarter valued at approximately $32,788,000. Finally, Vanguard Group Inc. lifted its stake in shares of Five Below by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer’s stock valued at $406,430,000 after buying an additional 376,932 shares in the last quarter.
Five Below Price Performance
Shares of NASDAQ:FIVE opened at $138.49 on Friday. The company’s fifty day moving average price is $146.05 and its 200-day moving average price is $119.36. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.21 and a beta of 1.18. Five Below, Inc. has a one year low of $52.38 and a one year high of $157.54.
Insiders Place Their Bets
In other news, insider George Hill sold 1,500 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total value of $210,000.00. Following the transaction, the insider owned 42,672 shares of the company’s stock, valued at $5,974,080. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ronald James Masciantonio sold 818 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $146.41, for a total transaction of $119,763.38. Following the transaction, the executive vice president directly owned 9,858 shares in the company, valued at approximately $1,443,309.78. This represents a 7.66% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages recently commented on FIVE. Craig Hallum upped their price target on shares of Five Below from $164.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Barclays set a $135.00 target price on shares of Five Below in a research note on Thursday, August 28th. Truist Financial increased their target price on shares of Five Below from $141.00 to $148.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. Wall Street Zen upgraded shares of Five Below from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Wells Fargo & Company increased their target price on shares of Five Below from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Five Below currently has a consensus rating of “Hold” and a consensus price target of $150.21.
Check Out Our Latest Stock Report on FIVE
About Five Below
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.
Further Reading
- Five stocks we like better than Five Below
- How to find penny stocks to invest and trade
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- Compound Interest and Why It Matters When Investing
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- Transportation Stocks Investing
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE – Free Report).
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.