Five Below, Inc. (NASDAQ:FIVE) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 28.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,598 shares of the specialty retailer’s stock after selling 9,337 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Five Below were worth $2,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its stake in Five Below by 1.7% during the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock valued at $959,000 after purchasing an additional 76 shares during the period. Parallel Advisors LLC boosted its stake in Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Five Below by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after acquiring an additional 115 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Five Below in the 4th quarter worth approximately $26,000. Finally, Fifth Third Bancorp lifted its stake in shares of Five Below by 12.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 147 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIVE. Craig Hallum raised shares of Five Below from a “hold” rating to a “buy” rating and reduced their price target for the stock from $108.00 to $102.00 in a research note on Thursday, August 29th. William Blair lowered shares of Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Mizuho lowered shares of Five Below from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $150.00 to $85.00 in a research note on Wednesday, July 17th. KeyCorp reduced their price target on shares of Five Below from $115.00 to $106.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $89.00 price target on shares of Five Below in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Five Below presently has a consensus rating of “Hold” and an average target price of $109.63.

Five Below Price Performance

FIVE stock opened at $100.20 on Thursday. The firm has a market capitalization of $5.52 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.99 and a beta of 1.21. The company’s 50 day simple moving average is $79.61 and its 200-day simple moving average is $124.04. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18.

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.