Tabor Asset Management LP increased its position in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 81.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,873 shares of the specialty retailer’s stock after purchasing an additional 25,110 shares during the quarter. Five Below makes up about 5.0% of Tabor Asset Management LP’s holdings, making the stock its 2nd biggest position. Tabor Asset Management LP owned approximately 0.10% of Five Below worth $7,329,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC grew its holdings in shares of Five Below by 41.3% in the first quarter. Jump Financial LLC now owns 159,433 shares of the specialty retailer’s stock valued at $11,946,000 after acquiring an additional 46,586 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Five Below by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock worth $501,000 after acquiring an additional 155 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Five Below by 17.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,544 shares of the specialty retailer’s stock worth $266,000 after purchasing an additional 521 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Five Below by 169.9% in the first quarter. Smartleaf Asset Management LLC now owns 1,997 shares of the specialty retailer’s stock worth $146,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Five Below by 14.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 710,782 shares of the specialty retailer’s stock valued at $53,255,000 after purchasing an additional 92,410 shares during the period.
Five Below Trading Up 1.4%
Shares of FIVE stock opened at $152.28 on Friday. The firm’s 50 day moving average is $152.53 and its 200 day moving average is $132.08. The stock has a market capitalization of $8.40 billion, a P/E ratio of 30.83, a PEG ratio of 2.33 and a beta of 1.21. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $168.98.
Analyst Upgrades and Downgrades
FIVE has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Five Below in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Five Below from $143.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Wolfe Research began coverage on shares of Five Below in a research note on Thursday, September 18th. They issued an “outperform” rating and a $187.00 target price on the stock. Sanford C. Bernstein initiated coverage on shares of Five Below in a research report on Wednesday, September 17th. They set a “market perform” rating and a $160.00 target price for the company. Finally, Truist Financial lifted their price target on shares of Five Below from $141.00 to $148.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $154.67.
Read Our Latest Stock Report on FIVE
Insider Buying and Selling at Five Below
In related news, EVP Ronald James Masciantonio sold 818 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $146.41, for a total transaction of $119,763.38. Following the sale, the executive vice president directly owned 9,858 shares in the company, valued at approximately $1,443,309.78. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.
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.
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