Capstone Investment Advisors LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 12,042 shares of the specialty retailer’s stock, valued at approximately $2,165,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Five Below in the second quarter valued at about $31,000. Advisory Services Network LLC acquired a new stake in shares of Five Below during the third quarter valued at about $32,000. Bayban bought a new stake in shares of Five Below during the fourth quarter worth about $34,000. Elevation Wealth Partners LLC increased its stake in shares of Five Below by 966.7% in the second quarter. Elevation Wealth Partners LLC now owns 192 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 174 shares during the period. Finally, iSAM Funds UK Ltd acquired a new position in shares of Five Below in the third quarter valued at approximately $40,000.
Five Below Price Performance
Shares of FIVE opened at $246.98 on Friday. The business has a 50-day moving average of $211.40 and a 200-day moving average of $216.26. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 1.34 and a beta of 0.98. Five Below, Inc. has a 1 year low of $137.77 and a 1 year high of $263.88.
Analyst Ratings Changes
A number of research analysts recently issued reports on FIVE shares. Barclays dropped 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 report on Friday, June 5th. BNP Paribas Exane cut shares of Five Below from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Cantor Fitzgerald downgraded shares of Five Below to a “neutral” rating in a research note on Thursday, August 13th. Sanford C. Bernstein upgraded shares of Five Below from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $247.00 to $250.00 in a report on Tuesday, July 21st. Finally, Guggenheim cut their price target on shares of Five Below from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Five Below presently has an average rating of “Moderate Buy” and an average target price of $264.10.
Check Out Our Latest Stock Analysis on FIVE
About Five Below
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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