Cookson Peirce & Co. Inc. trimmed its holdings in shares of Five Below, Inc. (NASDAQ:FIVE – Free Report) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,481 shares of the specialty retailer’s stock after selling 6,405 shares during the period. Cookson Peirce & Co. Inc. owned about 0.11% of Five Below worth $10,694,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Five Below by 40,774,210.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock valued at $10,445,139,000 after purchasing an additional 55,452,926 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Five Below during the second quarter valued at about $964,867,000. Wellington Management Group LLP lifted its holdings in shares of Five Below by 54.4% in the second quarter. Wellington Management Group LLP now owns 1,811,650 shares of the specialty retailer’s stock worth $325,717,000 after buying an additional 638,049 shares in the last quarter. Marshall Wace LLP grew its position in shares of Five Below by 54.6% during the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock valued at $336,254,000 after purchasing an additional 630,710 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Five Below by 3.1% in the fourth quarter. Federated Hermes Inc. now owns 1,508,393 shares of the specialty retailer’s stock worth $284,121,000 after purchasing an additional 45,761 shares during the period.
Five Below Trading Down 2.1%
Shares of NASDAQ:FIVE opened at $241.89 on Friday. Five Below, Inc. has a 12-month low of $137.77 and a 12-month high of $263.88. The stock has a fifty day simple moving average of $212.35 and a two-hundred day simple moving average of $216.44. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.26 and a beta of 0.98.
Wall Street Analyst Weigh In
Several research firms recently issued reports on FIVE. Barclays dropped their price objective on Five Below from $240.00 to $224.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. The Goldman Sachs Group cut Five Below from a “buy” rating to a “sell” rating in a report on Thursday, August 13th. Raymond James Financial raised Five Below to an “outperform” rating in a report on Tuesday, July 21st. HSBC upgraded shares of Five Below to a “hold” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets started coverage on shares of Five Below in a research note on Tuesday, July 21st. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.10.
Get Our Latest Analysis on Five Below
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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