Hsbc Holdings PLC Grows Position in Five Below, Inc. (NASDAQ:FIVE)

Hsbc Holdings PLC raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 1,501.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,095 shares of the specialty retailer’s stock after buying an additional 40,404 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of Five Below worth $4,655,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FIVE. Junto Capital Management LP purchased a new position in Five Below during the 4th quarter valued at approximately $73,472,000. Dimensional Fund Advisors LP grew its holdings in Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after buying an additional 167,330 shares in the last quarter. Jennison Associates LLC purchased a new position in Five Below during the 1st quarter valued at approximately $25,114,000. Riverbridge Partners LLC boosted its holdings in shares of Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Five Below by 2.5% in the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after purchasing an additional 58,883 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Gordon Haskett cut Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. Craig Hallum upgraded Five Below from a “hold” rating to a “buy” rating and dropped their target price for the stock from $108.00 to $102.00 in a report on Thursday, August 29th. Truist Financial reiterated a “hold” rating and issued a $89.00 target price on shares of Five Below in a report on Monday, August 26th. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $176.00 to $90.00 in a report on Wednesday, July 17th. Finally, Guggenheim dropped their target price on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Five Below has an average rating of “Hold” and a consensus price target of $109.45.

Five Below Trading Down 2.4 %

FIVE opened at $93.99 on Wednesday. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.99 and a beta of 1.21. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a fifty day moving average price of $79.08 and a 200-day moving average price of $120.21.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, equities research analysts forecast that Five Below, Inc. will post 4.55 EPS for the current year.

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.