Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 318,361.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,277 shares of the specialty retailer's stock after purchasing an additional 108,243 shares during the period. Allspring Global Investments Holdings LLC owned about 0.20% of Five Below worth $9,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paladin Wealth LLC bought a new stake in shares of Five Below during the third quarter worth $26,000. Partnership Wealth Management LLC grew its stake in Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock worth $34,000 after acquiring an additional 300 shares in the last quarter. LRI Investments LLC bought a new position in Five Below in the 1st quarter worth about $38,000. Hobbs Group Advisors LLC purchased a new position in shares of Five Below during the second quarter worth approximately $44,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Five Below during the second quarter valued at approximately $50,000.

Wall Street Analyst Weigh In

Several research analysts have commented on FIVE shares. Citigroup reduced their price objective on Five Below from $92.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, August 21st. Mizuho restated a "neutral" rating and issued a $85.00 price objective on shares of Five Below in a report on Thursday, October 3rd. Truist Financial reiterated a "hold" rating and set a $89.00 target price on shares of Five Below in a report on Monday, August 26th. William Blair lowered shares of Five Below from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 17th. Finally, Melius Research started coverage on shares of Five Below in a research report on Monday, September 23rd. They issued a "hold" rating and a $100.00 price target for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $111.60.

Five Below Stock Down 1.9 %

Shares of NASDAQ:FIVE traded down $1.72 during trading on Friday, hitting $87.37. The stock had a trading volume of 958,079 shares, compared to its average volume of 1,373,249. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The stock has a 50-day simple moving average of $88.33 and a two-hundred day simple moving average of $105.38.

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

Five Below Company 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.