State of Alaska Department of Revenue lessened its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 4.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,185 shares of the specialty retailer’s stock after selling 255 shares during the quarter. State of Alaska Department of Revenue’s holdings in Five Below were worth $811,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC purchased a new stake in Five Below in the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Five Below by 1,097.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 417 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 353 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 206 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Five Below by 68.4% during the second quarter. Parallel Advisors LLC now owns 532 shares of the specialty retailer’s stock valued at $70,000 after buying an additional 216 shares during the last quarter.
Five Below Trading Down 1.5%
FIVE opened at $153.67 on Tuesday. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $157.54. The company has a market capitalization of $8.47 billion, a PE ratio of 31.11, a PEG ratio of 2.28 and a beta of 1.18. The firm’s 50 day simple moving average is $145.18 and its two-hundred day simple moving average is $117.98.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on FIVE shares. Citigroup increased their price target on shares of Five Below from $142.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. UBS Group increased their price target on shares of Five Below from $160.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Sanford C. Bernstein started coverage on shares of Five Below in a report on Wednesday, September 17th. They set a “market perform” rating and a $160.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price target on shares of Five Below in a report on Thursday, October 2nd. Finally, Loop Capital upgraded shares of Five Below from a “hold” rating to a “buy” rating and increased their price target for the company from $130.00 to $165.00 in a report on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $150.21.
Get Our Latest Stock Report on Five Below
Insider Activity at Five Below
In other Five Below news, EVP Ronald James Masciantonio sold 818 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $146.41, for a total value of $119,763.38. Following the transaction, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George Hill sold 1,500 shares of the 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 completion of the transaction, the insider owned 42,672 shares in the company, valued at $5,974,080. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
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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