CW Advisors LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 34,999 shares of the specialty retailer’s stock, valued at approximately $4,591,000. CW Advisors LLC owned 0.06% of Five Below at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in FIVE. Louisiana State Employees Retirement System raised its position in shares of Five Below by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the specialty retailer’s stock worth $2,033,000 after acquiring an additional 100 shares during the last quarter. State of Michigan Retirement System raised its holdings in Five Below by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 13,222 shares of the specialty retailer’s stock worth $1,734,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Five Below by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock worth $501,000 after purchasing an additional 155 shares during the period. IFP Advisors Inc boosted its stake in shares of Five Below by 653.8% in the 2nd 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 last quarter. Finally, Somerset Trust Co boosted its stake in shares of Five Below by 5.1% in the 2nd quarter. Somerset Trust Co now owns 3,723 shares of the specialty retailer’s stock valued at $488,000 after purchasing an additional 182 shares during the last quarter.
Five Below Stock Up 2.8%
NASDAQ FIVE opened at $173.20 on Friday. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $177.73. The business has a 50 day moving average price of $155.40 and a 200-day moving average price of $141.87. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 2.13 and a beta of 1.17.
Wall Street Analysts Forecast Growth
FIVE has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Five Below from $110.00 to $132.00 and gave the company an “underperform” rating in a report on Thursday. Morgan Stanley boosted their price objective on Five Below from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Sanford C. Bernstein restated a “market perform” rating and set a $173.00 target price on shares of Five Below in a research report on Thursday. Citigroup lifted their target price on Five Below from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Telsey Advisory Group boosted their price target on Five Below from $170.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $171.63.
View Our Latest Research Report on FIVE
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.
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