Mutual of America Capital Management LLC Decreases Holdings in Five Below, Inc. (NASDAQ:FIVE)

Mutual of America Capital Management LLC lowered its holdings in Five Below, Inc. (NASDAQ:FIVE) by 3.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 50,438 shares of the specialty retailer’s stock after selling 1,871 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of Five Below worth $5,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in Five Below by 1.7% in the fourth quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock valued at $959,000 after purchasing an additional 76 shares during the last quarter. Parallel Advisors LLC raised its stake in Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Janus Henderson Group PLC lifted its position in Five Below by 0.4% in the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock valued at $5,473,000 after acquiring an additional 115 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Five Below in the fourth quarter valued at $26,000. Finally, Fifth Third Bancorp grew its holdings in shares of Five Below by 12.0% during the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares during the last quarter.

Five Below Stock Performance

NASDAQ:FIVE opened at $95.41 on Friday. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18. The stock has a fifty day moving average price of $79.47 and a two-hundred day moving average price of $123.70. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 0.99 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FIVE shares. Guggenheim decreased their target price on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group decreased their price objective on Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Truist Financial reaffirmed a “hold” rating and issued a $89.00 target price on shares of Five Below in a report on Monday, August 26th. Telsey Advisory Group decreased their price target on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, William Blair lowered shares of Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.95.

Five Below 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.