Edgestream Partners L.P. acquired a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,217 shares of the specialty retailer's stock, valued at approximately $967,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock worth $54,272,000 after purchasing an additional 180,902 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock valued at $6,964,000 after purchasing an additional 47,940 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Five Below in the 3rd quarter worth approximately $3,282,000. Algert Global LLC raised its holdings in shares of Five Below by 364.2% in the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer's stock worth $2,282,000 after buying an additional 20,266 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer's stock worth $1,927,000 after buying an additional 9,188 shares during the period.
Insider Buying and Selling
In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares of the company's stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.
Five Below Trading Down 2.9 %
Five Below stock opened at $75.58 on Wednesday. The company has a market cap of $4.16 billion, a PE ratio of 15.58, a PEG ratio of 1.19 and a beta of 1.11. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $209.79. The company's 50-day moving average is $92.00 and its two-hundred day moving average is $92.97.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Guggenheim upped their target price on shares of Five Below from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Loop Capital lifted their price target on shares of Five Below from $90.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Citigroup boosted their price target on shares of Five Below from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Finally, William Blair reaffirmed a "market perform" rating on shares of Five Below in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $111.32.
Get Our Latest Analysis on Five Below
Five Below Profile
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Five Below, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Five Below wasn't on the list.
While Five Below currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
