SG Americas Securities LLC lifted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 689.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,474 shares of the specialty retailer’s stock after purchasing an additional 142,763 shares during the quarter. SG Americas Securities LLC’s holdings in Five Below were worth $37,351,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its stake in shares of Five Below by 1.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,264 shares of the specialty retailer’s stock valued at $615,000 after buying an additional 49 shares in the last quarter. Optimize Financial Inc lifted its stake in Five Below by 1.4% during the 4th quarter. Optimize Financial Inc now owns 3,948 shares of the specialty retailer’s stock worth $744,000 after acquiring an additional 56 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Five Below by 1.6% during the 4th quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock worth $705,000 after acquiring an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in Five Below by 0.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 12,338 shares of the specialty retailer’s stock valued at $2,324,000 after acquiring an additional 66 shares during the period. Finally, Lido Advisors LLC boosted its holdings in Five Below by 2.7% during the 4th quarter. Lido Advisors LLC now owns 2,559 shares of the specialty retailer’s stock valued at $482,000 after acquiring an additional 68 shares during the period.
Five Below Price Performance
Shares of NASDAQ:FIVE opened at $185.95 on Wednesday. Five Below, Inc. has a 12 month low of $123.25 and a 12 month high of $251.63. The firm has a market capitalization of $10.28 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.03 and a beta of 0.97. The company’s fifty day moving average price is $215.65 and its 200 day moving average price is $208.57.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Mizuho cut their price target on shares of Five Below from $240.00 to $225.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Evercore set a $220.00 price objective on shares of Five Below in a research note on Thursday, June 4th. Craig Hallum upped their target price on shares of Five Below from $255.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Sanford C. Bernstein increased their target price on shares of Five Below from $243.00 to $247.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Finally, Truist Financial raised their price target on shares of Five Below from $261.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.40.
View Our Latest Research Report on Five Below
About Five Below
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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