Peloton Wealth Strategists Grows Holdings in Five Below, Inc. (NASDAQ:FIVE)

Peloton Wealth Strategists lifted its holdings in Five Below, Inc. (NASDAQ:FIVE) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,820 shares of the specialty retailer’s stock after acquiring an additional 200 shares during the quarter. Peloton Wealth Strategists’ holdings in Five Below were worth $743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of Five Below by 30.4% in the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock worth $2,462,000 after buying an additional 3,166 shares during the period. Cetera Investment Advisers grew its position in shares of Five Below by 1,842.1% in the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after buying an additional 21,368 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Five Below in the 1st quarter worth about $2,656,000. Price T Rowe Associates Inc. MD grew its position in shares of Five Below by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after buying an additional 38,419 shares during the period. Finally, Bridgefront Capital LLC grew its position in shares of Five Below by 379.0% in the 4th quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock worth $1,699,000 after buying an additional 6,306 shares during the period.

Five Below Trading Down 2.5 %

NASDAQ FIVE opened at $92.59 on Friday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.06 and a beta of 1.21. The company’s 50 day moving average is $80.06 and its two-hundred day moving average is $119.06.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Sell-side analysts forecast that Five Below, Inc. will post 4.55 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on FIVE. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $79.00 price objective (down from $155.00) on shares of Five Below in a research report on Thursday, July 18th. Craig Hallum raised shares of Five Below from a “hold” rating to a “buy” rating and cut their price objective for the company from $108.00 to $102.00 in a research report on Thursday, August 29th. Wells Fargo & Company cut their price objective on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. downgraded shares of Five Below from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $89.00 to $95.00 in a research report on Thursday, September 19th. Two investment 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. According to MarketBeat, Five Below currently has an average rating of “Hold” and an average price target of $110.00.

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.