180 Wealth Advisors LLC boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,486 shares of the specialty retailer's stock after purchasing an additional 281 shares during the period. 180 Wealth Advisors LLC's holdings in Five Below were worth $281,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Five Below in the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its stake in Five Below by 238.2% in the first quarter. SJS Investment Consulting Inc. now owns 186 shares of the specialty retailer's stock valued at $29,000 after buying an additional 131 shares during the period. Canada Pension Plan Investment Board raised its stake in Five Below by 93.0% in the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer's stock valued at $31,000 after buying an additional 93 shares during the period. Archer Investment Corp bought a new stake in Five Below in the first quarter valued at approximately $48,000. Finally, Meeder Asset Management Inc. bought a new stake in Five Below in the first quarter valued at approximately $53,000. 96.51% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
Several analysts have issued reports on FIVE shares. StockNews.com lowered Five Below from a "hold" rating to a "sell" rating in a research note on Friday, June 17th. Evercore ISI lowered their target price on Five Below to $140.00 in a research note on Tuesday, September 6th. Truist Financial increased their target price on Five Below from $154.00 to $156.00 and gave the stock a "buy" rating in a research note on Thursday, September 1st. JPMorgan Chase & Co. lowered their target price on Five Below from $165.00 to $159.00 and set an "overweight" rating on the stock in a research note on Thursday, September 1st. Finally, Morgan Stanley increased their target price on Five Below from $140.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $169.89.
Five Below Stock Performance
Shares of FIVE stock opened at $136.85 on Monday. The stock's fifty day moving average price is $131.51 and its two-hundred day moving average price is $140.76. The company has a market cap of $7.60 billion, a PE ratio of 32.20, a P/E/G ratio of 1.66 and a beta of 1.32. Five Below, Inc. has a fifty-two week low of $109.49 and a fifty-two week high of $221.00.
Five Below (NASDAQ:FIVE – Get Rating) last announced its quarterly earnings results on Wednesday, August 31st. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). The company had revenue of $668.93 million for the quarter, compared to analyst estimates of $681.30 million. Five Below had a return on equity of 21.52% and a net margin of 8.19%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.15 earnings per share. On average, equities analysts predict that Five Below, Inc. will post 4.44 EPS for the current fiscal year.
About Five Below
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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.
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