International Assets Investment Management LLC raised its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1,379.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,875 shares of the specialty retailer's stock after purchasing an additional 15,734 shares during the quarter. International Assets Investment Management LLC's holdings in Five Below were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Paladin Wealth LLC acquired a new stake in shares of Five Below in the third quarter valued at approximately $26,000. Partnership Wealth Management LLC increased its stake in shares of Five Below by 2,000.0% in the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock valued at $34,000 after purchasing an additional 300 shares during the period. LRI Investments LLC acquired a new stake in shares of Five Below in the first quarter valued at approximately $38,000. Hobbs Group Advisors LLC acquired a new stake in shares of Five Below in the second quarter valued at approximately $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Five Below in the second quarter valued at approximately $50,000.
Analyst Upgrades and Downgrades
A number of research firms recently commented on FIVE. Gordon Haskett lowered shares of Five Below from an "accumulate" rating to a "hold" rating in a research note on Wednesday, July 24th. Bank of America raised their price objective on shares of Five Below from $87.00 to $98.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $79.00 price objective (down previously from $155.00) on shares of Five Below in a research note on Thursday, July 18th. Craig Hallum raised their price objective on shares of Five Below from $102.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Finally, Barclays lowered shares of Five Below from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Five Below has an average rating of "Hold" and a consensus price target of $111.60.
Check Out Our Latest Research Report on Five Below
Five Below Price Performance
Five Below stock traded down $0.93 during midday trading on Monday, reaching $95.00. The stock had a trading volume of 1,724,979 shares, compared to its average volume of 1,425,473. The firm's fifty day simple moving average is $89.66 and its two-hundred day simple moving average is $103.20. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.05 and a beta of 1.20.
Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. The company had revenue of $830.07 million during the quarter, compared to analyst estimates 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 predict that Five Below, Inc. will post 4.55 EPS for the current fiscal year.
Five Below Profile
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Free Report)
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.
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