Virtu Financial LLC Invests $3.87 Million in Five Below, Inc. (NASDAQ:FIVE)

Virtu Financial LLC purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,532 shares of the specialty retailer's stock, valued at approximately $3,872,000. Virtu Financial LLC owned 0.06% of Five Below at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FIVE. Junto Capital Management LP acquired a new stake in shares of Five Below during the 4th quarter worth approximately $73,472,000. Norges Bank acquired a new stake in Five Below in the 4th quarter valued at approximately $68,825,000. Dimensional Fund Advisors LP increased its position in Five Below by 39.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer's stock valued at $65,034,000 after acquiring an additional 167,330 shares during the period. Jennison Associates LLC acquired a new stake in Five Below in the 1st quarter valued at approximately $25,114,000. Finally, Riverbridge Partners LLC increased its position in Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock valued at $150,151,000 after acquiring an additional 72,020 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Five Below from $86.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. KeyCorp lowered their target price on Five Below from $115.00 to $106.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. Citigroup lowered their target price on Five Below from $92.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 21st. Bank of America raised their target price on Five Below from $75.00 to $87.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Finally, Barclays cut Five Below from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $176.00 to $90.00 in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $109.63.

Five Below Price Performance

Shares of FIVE traded up $2.84 during trading hours on Tuesday, hitting $101.76. 1,621,100 shares of the company were exchanged, compared to its average volume of 1,429,282. The company has a market capitalization of $5.60 billion, a PE ratio of 19.07, a PEG ratio of 0.99 and a beta of 1.21. The firm has a fifty day simple moving average of $79.62 and a 200-day simple moving average of $124.74. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18.

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.