Ashton Thomas Private Wealth LLC Acquires Shares of 461 Five Below, Inc. (NASDAQ:FIVE)

Ashton Thomas Private Wealth LLC purchased a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 461 shares of the specialty retailer’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of Five Below in the 4th quarter worth $26,000. Rise Advisors LLC purchased a new position in Five Below in the first quarter worth $28,000. Quest Partners LLC bought a new position in Five Below in the fourth quarter valued at $37,000. Parallel Advisors LLC raised its position in Five Below by 86.3% during the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Finally, McClarren Financial Advisors Inc. lifted its stake in Five Below by 18,100.0% during the first quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock worth $330,000 after purchasing an additional 181 shares during the last quarter.

Five Below Stock Performance

FIVE stock opened at $96.56 on Monday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The business’s 50 day moving average price is $79.73 and its two-hundred day moving average price is $125.46. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Guggenheim dropped their target price on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Loop Capital cut their price target on shares of Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, June 7th. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on Five Below from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, UBS Group reduced their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.63.

Five Below 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.