Five Below, Inc. (NASDAQ:FIVE) Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Five Below, Inc. (NASDAQ:FIVE) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,938 shares of the specialty retailer’s stock after selling 397 shares during the period. Thrivent Financial for Lutherans’ holdings in Five Below were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. Paladin Wealth LLC bought a new position in Five Below during the third quarter valued at about $26,000. Hobbs Group Advisors LLC bought a new position in shares of Five Below during the 2nd quarter valued at about $44,000. Partnership Wealth Management LLC grew its stake in shares of Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Five Below in the 2nd quarter worth approximately $50,000. Finally, Headlands Technologies LLC bought a new stake in shares of Five Below in the 2nd quarter worth approximately $111,000.

Analyst Ratings Changes

FIVE has been the topic of several recent research reports. Evercore ISI lifted their price target on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Mizuho restated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Telsey Advisory Group downgraded Five Below from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $102.00 to $95.00 in a report on Monday, November 25th. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $89.00 to $95.00 in a research note on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $106.05.

Five Below Trading Down 0.3 %

NASDAQ FIVE opened at $92.70 on Monday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The firm’s fifty day simple moving average is $90.45 and its 200-day simple moving average is $95.41. The company has a market capitalization of $5.10 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20.

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.