Sanctuary Advisors LLC Takes $1.29 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Sanctuary Advisors LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,849 shares of the specialty retailer's stock, valued at approximately $1,291,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Five Below during the 4th quarter worth about $26,000. Rise Advisors LLC acquired a new stake in Five Below in the first quarter worth about $28,000. Partnership Wealth Management LLC raised its holdings in Five Below by 2,000.0% during the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 300 shares during the last quarter. LRI Investments LLC acquired a new position in Five Below during the 1st quarter valued at about $38,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Five Below in the 2nd quarter valued at about $44,000.

Wall Street Analyst Weigh In

FIVE has been the topic of several analyst reports. Melius Research assumed coverage on shares of Five Below in a report on Monday, September 23rd. They issued a "hold" rating and a $100.00 price objective on the stock. Citigroup dropped their price objective on Five Below from $92.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, August 21st. Guggenheim decreased their target price on Five Below from $165.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, July 17th. Evercore ISI reduced their price objective on shares of Five Below from $101.00 to $95.00 and set an "in-line" rating on the stock in a research note on Thursday, August 29th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $85.00 target price on shares of Five Below in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $111.15.

Five Below Trading Up 2.0 %

Shares of NASDAQ FIVE traded up $1.87 during midday trading on Friday, reaching $93.40. The company's stock had a trading volume of 1,111,051 shares, compared to its average volume of 1,440,935. The stock has a 50 day simple moving average of $83.26 and a 200-day simple moving average of $112.32. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.01 and a beta of 1.21. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million during the quarter, compared to analysts' expectations of $821.95 million. As a group, equities analysts anticipate that Five Below, Inc. will post 4.55 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.