Allspring Global Investments Holdings LLC Has $9.57 Million Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Allspring Global Investments Holdings LLC grew its position in Five Below, Inc. (NASDAQ:FIVE) by 318,361.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,277 shares of the specialty retailer’s stock after buying an additional 108,243 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.20% of Five Below worth $9,566,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FIVE. Paladin Wealth LLC acquired a new position in Five Below in the 3rd quarter worth $26,000. Partnership Wealth Management LLC grew its holdings in shares of Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after buying an additional 300 shares in the last quarter. LRI Investments LLC bought a new position in shares of Five Below during the first quarter worth about $38,000. Hobbs Group Advisors LLC bought a new stake in Five Below in the 2nd quarter valued at approximately $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Five Below during the 2nd quarter worth approximately $50,000.

Five Below Stock Down 1.9 %

Shares of FIVE stock opened at $87.37 on Friday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The company has a market capitalization of $4.81 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The firm has a 50 day moving average price of $88.33 and a two-hundred day moving average price of $105.76.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Five Below from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Truist Financial reissued a “hold” rating and set a $89.00 price target on shares of Five Below in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $79.00 price objective (down previously from $155.00) on shares of Five Below in a report on Thursday, July 18th. Guggenheim dropped their target price on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America raised their price target on Five Below from $87.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.60.

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.