Fifth Third Bancorp raised its position in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 2,524.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 26,611 shares of the specialty retailer’s stock after acquiring an additional 25,597 shares during the quarter. Fifth Third Bancorp’s holdings in Five Below were worth $6,080,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FIVE. Advisory Services Network LLC acquired a new position in shares of Five Below during the third quarter valued at approximately $32,000. Bayban purchased a new position in shares of Five Below in the fourth quarter valued at approximately $34,000. V Square Quantitative Management LLC acquired a new stake in shares of Five Below in the fourth quarter worth approximately $35,000. Spire Wealth Management acquired a new stake in shares of Five Below in the fourth quarter worth approximately $38,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Five Below during the third quarter worth approximately $40,000.
Five Below Stock Performance
Shares of Five Below stock opened at $197.71 on Friday. The business’s 50 day moving average price is $199.96 and its 200 day moving average price is $209.10. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.02 and a beta of 1.00. Five Below, Inc. has a one year low of $130.00 and a one year high of $251.63.
Analyst Ratings Changes
Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Mizuho raised shares of Five Below from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $225.00 to $220.00 in a report on Thursday, July 9th. Craig Hallum increased their target price on shares of Five Below from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Evercore set a $215.00 price target on shares of Five Below in a research note on Tuesday, July 7th. Finally, Wolfe Research upgraded shares of Five Below from a “cautious” rating to an “outperform” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.90.
Check Out Our Latest Stock Report on Five Below
Five Below Company 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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