BNP Paribas Financial Markets Boosts Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

BNP Paribas Financial Markets boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1,094.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 366,146 shares of the specialty retailer's stock after buying an additional 335,493 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.67% of Five Below worth $32,349,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. lifted its stake in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock worth $98,991,000 after acquiring an additional 769,980 shares during the period. Marshall Wace LLP lifted its position in shares of Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock worth $66,003,000 after purchasing an additional 207,083 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock valued at $54,272,000 after purchasing an additional 180,902 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer's stock worth $65,034,000 after buying an additional 167,330 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Five Below by 318,361.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer's stock worth $9,566,000 after buying an additional 108,243 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on FIVE shares. Citigroup cut their price target on shares of Five Below from $92.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 21st. Craig Hallum raised their target price on Five Below from $102.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Evercore ISI lifted their target price on Five Below from $100.00 to $104.00 and gave the stock an "in-line" rating in a report on Tuesday, October 22nd. KeyCorp downgraded shares of Five Below from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Finally, Gordon Haskett upgraded shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Five Below currently has an average rating of "Hold" and an average target price of $106.05.

Five Below Price Performance

FIVE opened at $92.70 on Friday. The firm's fifty day moving average price is $90.51 and its two-hundred day moving average price is $96.06. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.02 and a beta of 1.20. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $830.07 million for the quarter, compared to analysts' expectations of $821.95 million. As a group, equities analysts anticipate that Five Below, Inc. will post 4.57 EPS for the current year.

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.