Entropy Technologies LP boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 187.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,206 shares of the specialty retailer’s stock after purchasing an additional 6,006 shares during the quarter. Entropy Technologies LP’s holdings in Five Below were worth $1,208,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of Five Below by 26,340.9% in the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock worth $111,337,000 after buying an additional 1,480,361 shares during the last quarter. American Century Companies Inc. grew its position in Five Below by 494.5% in the first quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock worth $88,042,000 after acquiring an additional 977,411 shares in the last quarter. AQR Capital Management LLC increased its stake in Five Below by 433.1% during the first quarter. AQR Capital Management LLC now owns 770,626 shares of the specialty retailer’s stock worth $54,668,000 after acquiring an additional 626,077 shares during the last quarter. Junto Capital Management LP purchased a new stake in Five Below during the first quarter valued at approximately $32,788,000. Finally, Vanguard Group Inc. raised its position in Five Below by 7.5% during the first quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer’s stock valued at $406,430,000 after purchasing an additional 376,932 shares during the period.
Five Below Stock Up 3.9%
FIVE opened at $155.03 on Friday. The stock’s fifty day moving average is $152.91 and its two-hundred day moving average is $137.53. The company has a market capitalization of $8.55 billion, a P/E ratio of 31.38, a PEG ratio of 2.33 and a beta of 1.21. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $168.98.
Insider Transactions at Five Below
In other Five Below news, EVP Ronald James Masciantonio sold 818 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $146.41, for a total transaction of $119,763.38. Following the transaction, the executive vice president owned 9,858 shares of the company’s stock, valued at approximately $1,443,309.78. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on FIVE shares. Wall Street Zen upgraded Five Below from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Evercore ISI boosted their price objective on shares of Five Below from $170.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. raised shares of Five Below from a “neutral” rating to an “overweight” rating and set a $186.00 target price on the stock in a research note on Monday, October 27th. Wells Fargo & Company lifted their price target on shares of Five Below from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Five Below in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $154.67.
Get Our Latest Stock Report on Five Below
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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