Delta Global Management LP purchased a new stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 67,497 shares of the specialty retailer’s stock, valued at approximately $12,714,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Five Below in the 4th quarter valued at approximately $35,000. Spire Wealth Management purchased a new position in Five Below in the 4th quarter valued at approximately $38,000. Advisory Services Network LLC purchased a new position in Five Below in the 3rd quarter valued at approximately $32,000. Whittier Trust Co. of Nevada Inc. boosted its position in Five Below by 182.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 146 shares during the period. Finally, Whittier Trust Co. boosted its position in Five Below by 331.5% in the 4th quarter. Whittier Trust Co. now owns 233 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 179 shares during the period.
Five Below Price Performance
Shares of FIVE opened at $193.92 on Tuesday. Five Below, Inc. has a 1-year low of $121.11 and a 1-year high of $251.63. The stock has a market cap of $10.72 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97. The firm has a fifty day moving average price of $220.02 and a 200 day moving average price of $207.41.
Analyst Ratings Changes
Several research firms have recently issued reports on FIVE. Loop Capital reaffirmed a “buy” rating and set a $250.00 price objective on shares of Five Below in a research report on Thursday, June 4th. Sanford C. Bernstein lifted their price objective on shares of Five Below from $243.00 to $247.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Evercore set a $220.00 price objective on shares of Five Below in a research report on Thursday, June 4th. Barclays decreased their price objective on shares of Five Below from $240.00 to $224.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Finally, Mizuho decreased their price objective on shares of Five Below from $240.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Five Below has an average rating of “Moderate Buy” and a consensus target price of $254.40.
View Our Latest Report on Five Below
Insiders Place Their Bets
In other Five Below news, COO Kenneth R. Bull sold 10,000 shares of Five Below stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.14, for a total value of $2,341,400.00. Following the transaction, the chief operating officer directly owned 92,531 shares in the company, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of Five Below stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the completion of the transaction, the director owned 83,674 shares in the company, valued at approximately $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is owned by insiders.
Five Below Profile
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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