CreativeOne Wealth LLC Has $1.21 Million Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

CreativeOne Wealth LLC increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,784 shares of the specialty retailer’s stock after buying an additional 395 shares during the period. CreativeOne Wealth LLC’s holdings in Five Below were worth $1,209,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its position in Five Below by 25.1% during the 2nd quarter. FMR LLC now owns 7,061,002 shares of the specialty retailer’s stock worth $800,929,000 after buying an additional 1,415,117 shares during the period. BlackRock Inc. raised its holdings in Five Below by 0.3% during the 3rd quarter. BlackRock Inc. now owns 4,623,241 shares of the specialty retailer’s stock worth $636,482,000 after purchasing an additional 13,523 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after purchasing an additional 471,349 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Five Below by 4.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,215,792 shares of the specialty retailer’s stock worth $251,337,000 after purchasing an additional 97,132 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Five Below by 63.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,661,903 shares of the specialty retailer’s stock worth $228,795,000 after purchasing an additional 644,271 shares during the last quarter.

Insider Buying and Selling

In other Five Below news, CMO Michael Romanko sold 3,750 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the sale, the chief marketing officer now directly owns 8,901 shares of the company’s stock, valued at $1,704,541.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIVE. BNP Paribas upgraded shares of Five Below from a “neutral” rating to an “outperform” rating in a report on Thursday, December 15th. Citigroup raised their price target on shares of Five Below from $170.00 to $186.00 in a report on Monday, November 28th. Barclays initiated coverage on shares of Five Below in a report on Tuesday, February 7th. They set an “overweight” rating and a $219.00 price target for the company. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. Finally, Needham & Company LLC lifted their price objective on shares of Five Below from $172.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.42.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $197.84 on Wednesday. The company’s 50-day moving average is $196.43 and its 200 day moving average is $167.20. The company has a market capitalization of $10.98 billion, a P/E ratio of 48.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. Five Below, Inc. has a fifty-two week low of $109.49 and a fifty-two week high of $212.56.

About Five Below

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.