Choreo LLC Purchases New Shares in Five Below, Inc. (NASDAQ:FIVE)

Choreo LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,977 shares of the specialty retailer’s stock, valued at approximately $321,000.

Several other large investors also recently made changes to their positions in FIVE. V Square Quantitative Management LLC bought a new stake in Five Below during the 4th quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the first quarter valued at approximately $28,000. Partnership Wealth Management LLC raised its position in Five Below by 2,000.0% in the 2nd 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. Quest Partners LLC acquired a new position in Five Below during the 4th quarter worth $37,000. Finally, Parallel Advisors LLC boosted its position in Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 82 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley lowered Five Below from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $160.00 to $100.00 in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $79.00 price objective (down from $155.00) on shares of Five Below in a research report on Thursday, July 18th. Truist Financial restated a “hold” rating and issued a $89.00 price target on shares of Five Below in a report on Monday, August 26th. UBS Group decreased their price objective on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, Bank of America boosted their target price on Five Below from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Five Below has a consensus rating of “Hold” and an average price target of $109.63.

Five Below Price Performance

Shares of FIVE opened at $101.76 on Wednesday. The company’s 50-day moving average is $79.62 and its 200-day moving average is $124.74. The firm has a market capitalization of $5.60 billion, a PE ratio of 19.07, a PEG ratio of 0.99 and a beta of 1.21. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two 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.