Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Amalgamated Bank

Amalgamated Bank raised its stake in Five Below, Inc. (NASDAQ:FIVE) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,703 shares of the specialty retailer’s stock after buying an additional 1,025 shares during the period. Amalgamated Bank owned approximately 0.06% of Five Below worth $3,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIVE. V Square Quantitative Management LLC purchased a new stake in shares of Five Below in the 4th quarter worth about $26,000. Rise Advisors LLC acquired a new position in Five Below during the first quarter worth about $28,000. Partnership Wealth Management LLC raised its position in 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 acquiring an additional 300 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Five Below in the fourth quarter valued at about $37,000. Finally, Parallel Advisors LLC grew its position in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter.

Five Below Stock Down 2.6 %

Five Below stock opened at $95.41 on Monday. The firm has a fifty day moving average of $79.31 and a 200-day moving average of $121.77. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The firm has a market capitalization of $5.25 billion, a P/E ratio of 17.93, a PEG ratio of 0.99 and a beta of 1.21.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FIVE shares. UBS Group reduced their target price 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. Morgan Stanley downgraded Five Below from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $160.00 to $100.00 in a research report on Wednesday, July 17th. Gordon Haskett cut Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Mizuho downgraded shares of Five Below from an “outperform” rating to a “neutral” rating and cut their target price for the company from $150.00 to $85.00 in a research note on Wednesday, July 17th. Finally, Craig Hallum raised shares of Five Below from a “hold” rating to a “buy” rating and decreased their price target for the stock from $108.00 to $102.00 in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.95.

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.