Los Angeles Capital Management LLC reduced its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 33.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,767 shares of the specialty retailer’s stock after selling 24,748 shares during the period. Los Angeles Capital Management LLC owned about 0.09% of Five Below worth $6,528,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of Five Below by 653.8% in the 2nd quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Five Below by 1,097.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 417 shares during the period. True Wealth Design LLC lifted its stake in Five Below by 1,940.9% in the second quarter. True Wealth Design LLC now owns 449 shares of the specialty retailer’s stock worth $59,000 after purchasing an additional 427 shares during the last quarter. Concord Wealth Partners bought a new stake in Five Below in the second quarter worth $66,000. Finally, Parallel Advisors LLC boosted its position in Five Below by 68.4% during the second quarter. Parallel Advisors LLC now owns 532 shares of the specialty retailer’s stock valued at $70,000 after buying an additional 216 shares during the period.
Five Below Stock Up 1.4%
Shares of Five Below stock opened at $152.28 on Monday. The business has a 50 day moving average of $152.53 and a 200 day moving average of $132.92. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $168.98. The company has a market cap of $8.40 billion, a PE ratio of 30.83, a P/E/G ratio of 2.33 and a beta of 1.21.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Mizuho lifted their price objective on Five Below from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. UBS Group reaffirmed a “buy” rating on shares of Five Below in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Five Below in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of Five Below from $141.00 to $148.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Finally, Barclays set a $135.00 target price on shares of Five Below in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $154.67.
Check Out Our Latest Research Report on FIVE
Insider Activity
In related news, EVP Ronald James Masciantonio sold 818 shares of the business’s stock in a transaction dated 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 owned 9,858 shares in the company, valued at $1,443,309.78. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Five Below
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- 3 Big Earnings Misses: Is It Time to Buy the Dip?
- 3 Monster Growth Stocks to Buy Now
- Is Robinhood’s 11% Post-Earnings Fall a Buy-the-Dip Opportunity?
- Roth IRA Calculator: Calculate Your Potential Returns
- AI Demand Is Coming—Is Microchip Technology Ready?
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.
