Public Employees Retirement System of Ohio lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,310 shares of the specialty retailer’s stock after selling 2,950 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Five Below worth $4,632,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in Five Below during the 1st quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its stake in 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 buying an additional 417 shares during the period. Bessemer Group Inc. raised its stake in Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock worth $37,000 after buying an additional 353 shares during the period. Parallel Advisors LLC raised its stake in Five Below by 68.4% during the 2nd quarter. Parallel Advisors LLC now owns 532 shares of the specialty retailer’s stock worth $70,000 after buying an additional 216 shares during the period. Finally, UMB Bank n.a. raised its stake in Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock worth $40,000 after buying an additional 206 shares during the period.
Five Below Stock Performance
Five Below stock opened at $155.32 on Tuesday. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $156.50. The stock has a market capitalization of $8.57 billion, a P/E ratio of 31.44, a PEG ratio of 2.26 and a beta of 1.09. The stock has a 50-day simple moving average of $143.60 and a 200 day simple moving average of $115.18.
Wall Street Analysts Forecast Growth
FIVE has been the topic of several research analyst reports. Evercore ISI raised their price objective on Five Below from $132.00 to $134.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 26th. Morgan Stanley increased their target price on Five Below from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, August 28th. Barclays set a $135.00 target price on Five Below in a report on Thursday, August 28th. Citigroup increased their target price on Five Below from $142.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Bank of America increased their target price on Five Below from $93.00 to $110.00 and gave the stock an “underperform” rating in a report on Thursday, August 28th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Five Below presently has an average rating of “Hold” and an average target price of $149.00.
Check Out Our Latest Research Report on Five Below
Insider Transactions at Five Below
In related news, EVP Ronald James Masciantonio sold 818 shares of Five Below stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $146.41, for a total transaction of $119,763.38. Following the completion of the transaction, the executive vice president owned 9,858 shares in the company, valued at approximately $1,443,309.78. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider George Hill sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $140.00, for a total transaction of $210,000.00. Following the sale, the insider owned 42,672 shares of the company’s stock, valued at $5,974,080. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.
Featured Articles
- Five stocks we like better than Five Below
- Business Services Stocks Investing
- Tesla Earnings Loom: Bulls Eye $600, Bears Warn of $300
- Conference Calls and Individual Investors
- Cathie Wood Buys Alibaba and Baidu: Momentum or More Value Ahead?
- What is a SEC Filing?
- This ETF Weeds Out Small-Cap Underperformers
Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE – Free Report).
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.