Peloton Wealth Strategists Boosts Stake in Five Below, Inc. (NASDAQ:FIVE)

Peloton Wealth Strategists lifted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,820 shares of the specialty retailer’s stock after buying an additional 200 shares during the period. Peloton Wealth Strategists’ holdings in Five Below were worth $743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Five Below in the fourth quarter worth about $26,000. Rise Advisors LLC bought a new stake in Five Below in the first quarter worth about $28,000. Partnership Wealth Management LLC raised its position in Five Below by 2,000.0% in 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 period. Quest Partners LLC bought a new stake in Five Below in the fourth quarter worth about $37,000. Finally, Parallel Advisors LLC raised its position in Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 shares during the period.

Five Below Stock Performance

Shares of FIVE opened at $92.59 on Friday. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.06 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. The firm has a 50 day moving average price of $80.06 and a 200-day moving average price of $119.06.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. As a group, equities research analysts predict that Five Below, Inc. will post 4.55 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on FIVE. Melius Research began coverage on shares of Five Below in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective on the stock. KeyCorp lowered their price objective on shares of Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $79.00 target price (down previously from $155.00) on shares of Five Below in a research note on Thursday, July 18th. Loop Capital reduced their target price 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. Finally, The Goldman Sachs Group reduced their target price on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $110.00.

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.