Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 72.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,815 shares of the specialty retailer's stock after purchasing an additional 9,188 shares during the period. Janney Montgomery Scott LLC's holdings in Five Below were worth $1,927,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FIVE. Janus Henderson Group PLC lifted its holdings in shares of Five Below by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer's stock worth $5,473,000 after acquiring an additional 115 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Five Below by 12.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer's stock worth $150,000 after acquiring an additional 147 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Five Below by 9.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer's stock worth $231,000 after acquiring an additional 180 shares during the period. Peloton Wealth Strategists lifted its holdings in shares of Five Below by 3.0% during the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer's stock worth $743,000 after acquiring an additional 200 shares during the period. Finally, Partnership Wealth Management LLC lifted its holdings in shares of Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 200 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Guggenheim cut their price objective on shares of Five Below from $165.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Barclays lowered shares of Five Below from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $176.00 to $90.00 in a report on Wednesday, July 17th. The Goldman Sachs Group cut their price target on shares of Five Below from $124.00 to $106.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Gordon Haskett upgraded shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a report on Thursday, November 7th. Finally, Truist Financial raised their price target on shares of Five Below from $87.00 to $88.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $106.40.

Five Below Stock Performance

Shares of FIVE stock traded up $1.25 during mid-day trading on Wednesday, reaching $84.51. 1,580,820 shares of the company were exchanged, compared to its average volume of 1,465,079. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The company has a market capitalization of $4.65 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.92 and a beta of 1.20. The business's 50 day simple moving average is $91.19 and its 200 day simple moving average is $100.06.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $821.95 million. On average, analysts forecast that Five Below, Inc. will post 4.56 EPS for the current year.

Five Below Profile

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.