Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Creative Planning

Creative Planning increased its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 69.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,109 shares of the specialty retailer’s stock after purchasing an additional 3,724 shares during the quarter. Creative Planning’s holdings in Five Below were worth $805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Paladin Wealth LLC acquired a new position in Five Below during the 3rd quarter worth $26,000. Patten Group Inc. grew its stake in Five Below by 81.9% during the 3rd quarter. Patten Group Inc. now owns 5,510 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 2,481 shares in the last quarter. Partnership Wealth Management LLC boosted its position in shares of Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Chemistry Wealth Management LLC acquired a new position in shares of Five Below during the 3rd quarter worth about $277,000. Finally, SG Americas Securities LLC acquired a new position in shares of Five Below during the 3rd quarter worth about $501,000.

Wall Street Analyst Weigh In

FIVE has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Truist Financial reaffirmed a “hold” rating and set a $89.00 price objective on shares of Five Below in a research report on Monday, August 26th. Mizuho reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Five Below in a research report on Thursday, October 3rd. Morgan Stanley cut Five Below from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Finally, UBS Group lowered their price objective on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. 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 MarketBeat, Five Below currently has a consensus rating of “Hold” and an average target price of $111.60.

Five Below Stock Up 1.2 %

FIVE opened at $95.93 on Friday. The business has a 50 day moving average price of $89.66 and a two-hundred day moving average price of $103.86. The company has a market cap of $5.28 billion, a PE ratio of 18.88, a P/E/G ratio of 1.03 and a beta of 1.21. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18.

Five Below (NASDAQ:FIVE) last posted 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. The firm 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 expect that Five Below, Inc. will post 4.55 EPS for the current fiscal year.

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.