Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in Five Below, Inc. (NASDAQ:FIVE) by 20.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,297 shares of the specialty retailer’s stock after acquiring an additional 395 shares during the period. Private Advisor Group LLC’s holdings in Five Below were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. LRI Investments LLC purchased a new position in shares of Five Below during the first quarter worth about $38,000. Paladin Wealth LLC purchased a new position in shares of Five Below during the third quarter worth about $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 purchasing an additional 300 shares during the last quarter. Natixis purchased a new position in shares of Five Below during the first quarter worth about $73,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Five Below during the second quarter worth about $44,000.

Analyst Upgrades and Downgrades

FIVE has been the topic of a number of research reports. Melius Research initiated coverage on Five Below in a report on Monday, September 23rd. They set a “hold” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. lowered Five Below from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. The Goldman Sachs Group reduced their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Craig Hallum raised their price objective on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Citigroup reduced their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.40.

Five Below Price Performance

Shares of Five Below stock opened at $86.28 on Friday. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18. The company has a market capitalization of $4.75 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.05 and a beta of 1.20. The business has a 50 day moving average price of $90.70 and a 200 day moving average price of $101.77.

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