BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Five Below, Inc. (NASDAQ:FIVE – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 550 shares of the specialty retailer’s stock, valued at approximately $72,000.
A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Five Below by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer’s stock worth $406,430,000 after acquiring an additional 376,932 shares during the last quarter. Federated Hermes Inc. raised its stake in Five Below by 26,340.9% in the first quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock worth $111,337,000 after buying an additional 1,480,361 shares in the last quarter. American Century Companies Inc. lifted its holdings in Five Below by 494.5% in the first quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock worth $88,042,000 after buying an additional 977,411 shares during the period. Samlyn Capital LLC boosted its position in Five Below by 3.7% during the 1st quarter. Samlyn Capital LLC now owns 1,109,736 shares of the specialty retailer’s stock valued at $83,147,000 after acquiring an additional 39,375 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in 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 acquiring an additional 626,077 shares in the last quarter.
Five Below Price Performance
NASDAQ:FIVE opened at $155.94 on Thursday. Five Below, Inc. has a one year low of $52.38 and a one year high of $168.98. The company’s 50-day simple moving average is $152.38 and its 200 day simple moving average is $131.36. The firm has a market capitalization of $8.60 billion, a P/E ratio of 31.57, a PEG ratio of 2.33 and a beta of 1.21.
Analyst Ratings Changes
Several analysts have weighed in on the company. Truist Financial lifted their price objective on Five Below from $141.00 to $148.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Craig Hallum lifted their price objective on Five Below from $164.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Citigroup lifted their price objective on Five Below from $142.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. The Goldman Sachs Group lifted their price objective on Five Below from $143.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Guggenheim boosted their price objective on shares of Five Below from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Five Below currently has an average rating of “Hold” and an average target price of $152.84.
View Our Latest Stock Analysis on Five Below
Insider Transactions at Five Below
In other Five Below news, EVP Ronald James Masciantonio sold 818 shares of Five Below stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $146.41, for a total value of $119,763.38. Following the completion of the transaction, the executive vice president directly owned 9,858 shares of the company’s stock, valued at approximately $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 accessible through this link. Company insiders own 1.90% of the company’s stock.
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.
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