Virtue Capital Management LLC Makes New $916,000 Investment in Five Below, Inc. $FIVE

Virtue Capital Management LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 2nd quarter, Holdings Channel reports. The firm acquired 6,984 shares of the specialty retailer’s stock, valued at approximately $916,000.

A number of other institutional investors also recently modified their holdings of the stock. Elevation Point Wealth Partners LLC bought a new position in Five Below during the second quarter worth $26,000. IFP Advisors Inc raised its holdings in shares of Five Below by 653.8% during the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Five Below by 1,097.4% during 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 in the last quarter. Allworth Financial LP grew its stake in shares of Five Below by 333.0% in the 2nd quarter. Allworth Financial LP now owns 420 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 323 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of Five Below by 1,940.9% in the 2nd quarter. True Wealth Design LLC now owns 449 shares of the specialty retailer’s stock valued at $59,000 after buying an additional 427 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIVE. JPMorgan Chase & Co. raised Five Below from a “neutral” rating to an “overweight” rating and set a $186.00 price target on the stock in a research note on Monday, October 27th. Loop Capital raised Five Below from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $165.00 in a research report on Tuesday, August 12th. Evercore ISI lifted their price target on shares of Five Below from $170.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, October 21st. Sanford C. Bernstein initiated coverage on shares of Five Below in a research note on Wednesday, September 17th. They set a “market perform” rating and a $160.00 price target for the company. Finally, Truist Financial raised their price objective on shares of Five Below from $141.00 to $148.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Hold” and an average price target of $154.94.

Five Below Price Performance

Shares of FIVE stock opened at $166.95 on Friday. The firm has a 50-day moving average of $154.00 and a 200-day moving average of $139.36. Five Below, Inc. has a one year low of $52.38 and a one year high of $168.98. The company has a market cap of $9.21 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.33 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.20. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $988.91 million. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. As a group, research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

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.