Prestige Wealth Management Group LLC Purchases New Stake in Five Below, Inc. (NASDAQ:FIVE)

Prestige Wealth Management Group LLC bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,908 shares of the specialty retailer's stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bullseye Asset Management LLC raised its position in shares of Five Below by 9.4% during the 3rd quarter. Bullseye Asset Management LLC now owns 35,007 shares of the specialty retailer's stock worth $3,093,000 after acquiring an additional 3,000 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Five Below by 30.6% in the 3rd quarter. M&T Bank Corp now owns 5,965 shares of the specialty retailer's stock valued at $527,000 after buying an additional 1,399 shares in the last quarter. Peloton Wealth Strategists raised its stake in Five Below by 7.3% during the 3rd quarter. Peloton Wealth Strategists now owns 7,320 shares of the specialty retailer's stock worth $647,000 after acquiring an additional 500 shares in the last quarter. XTX Topco Ltd lifted its position in Five Below by 542.2% in the third quarter. XTX Topco Ltd now owns 21,836 shares of the specialty retailer's stock valued at $1,929,000 after acquiring an additional 18,436 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Five Below by 155.2% in the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock valued at $6,964,000 after acquiring an additional 47,940 shares in the last quarter.

Analysts Set New Price Targets

FIVE has been the topic of a number of research reports. Telsey Advisory Group raised their price target on Five Below from $95.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, December 5th. Gordon Haskett raised shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a report on Thursday, November 7th. Truist Financial raised their price objective on shares of Five Below from $88.00 to $118.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Evercore ISI upped their target price on shares of Five Below from $100.00 to $104.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Five Below from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.15.

Five Below Trading Down 0.1 %

Shares of NASDAQ FIVE traded down $0.11 during trading on Tuesday, reaching $111.82. The company had a trading volume of 511,906 shares, compared to its average volume of 1,518,065. The stock has a market capitalization of $6.15 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.15 and a beta of 1.19. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18. The stock has a 50-day moving average price of $92.27 and a two-hundred day moving average price of $93.98.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The company's quarterly revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS 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.