Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 23.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,174 shares of the specialty retailer's stock after buying an additional 17,093 shares during the period. Oppenheimer Asset Management Inc. owned 0.16% of Five Below worth $9,826,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FIVE. Executive Wealth Management LLC grew its position in shares of Five Below by 31.2% in the second quarter. Executive Wealth Management LLC now owns 16,311 shares of the specialty retailer's stock valued at $1,777,000 after purchasing an additional 3,878 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Five Below by 4.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,215 shares of the specialty retailer's stock valued at $2,334,000 after purchasing an additional 964 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Five Below by 9,745.7% in the second quarter. Meeder Asset Management Inc. now owns 3,446 shares of the specialty retailer's stock valued at $376,000 after purchasing an additional 3,411 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Five Below in the second quarter valued at approximately $1,711,000. Finally, American Century Companies Inc. grew its position in shares of Five Below by 6.1% in the second quarter. American Century Companies Inc. now owns 23,041 shares of the specialty retailer's stock valued at $2,511,000 after purchasing an additional 1,321 shares in the last quarter.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of analyst reports. William Blair lowered Five Below from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 17th. Barclays lowered Five Below from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $176.00 to $90.00 in a research report on Wednesday, July 17th. Telsey Advisory Group lowered their price objective on Five Below from $120.00 to $102.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. UBS Group lowered their price objective on Five Below from $120.00 to $108.00 and set a "buy" rating for the company in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $79.00 price objective (down from $155.00) on shares of Five Below in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $109.63.

Five Below Price Performance

Shares of NASDAQ FIVE traded up $4.03 during midday trading on Friday, hitting $96.56. 2,824,308 shares of the company's stock were exchanged, compared to its average volume of 1,423,090. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18. The company has a market cap of $5.31 billion, a PE ratio of 18.15, a P/E/G ratio of 0.99 and a beta of 1.21. The firm's fifty day simple moving average is $79.73 and its 200-day simple moving average is $125.46.

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.