3,459 Shares in Five Below, Inc. (NASDAQ:FIVE) Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,459 shares of the specialty retailer’s stock, valued at approximately $377,000.

Several other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Five Below in the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the first quarter valued at $28,000. Partnership Wealth Management LLC raised its holdings in shares of Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 300 shares during the period. Quest Partners LLC acquired a new position in Five Below during the 4th quarter worth about $37,000. Finally, Parallel Advisors LLC boosted its holdings in Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 82 shares during the period.

Analyst Upgrades and Downgrades

FIVE has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group reduced their target price on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Loop Capital dropped their price target on shares of Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, June 7th. UBS Group reduced their price objective on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Finally, Guggenheim lowered their target price on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.95.

Five Below Price Performance

NASDAQ FIVE opened at $95.41 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 $5.25 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The firm’s fifty day moving average price is $79.31 and its 200 day moving average price is $122.37.

Five Below (NASDAQ:FIVE) last posted its 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 business 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, sell-side analysts forecast that Five Below, Inc. will post 4.55 earnings per share for the current 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.