Five Below, Inc. (NASDAQ:FIVE) Holdings Raised by KBC Group NV

KBC Group NV boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 23.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,630 shares of the specialty retailer’s stock after buying an additional 312 shares during the period. KBC Group NV’s holdings in Five Below were worth $144,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIVE. Janney Montgomery Scott LLC lifted its stake in Five Below by 72.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after acquiring an additional 9,188 shares in the last quarter. Cetera Investment Advisers increased its position in 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 purchasing an additional 21,368 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Five Below by 1,379.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after buying an additional 15,734 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Five Below in the 1st quarter valued at approximately $2,656,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Five Below by 1.0% in the first 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 last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FIVE shares. The Goldman Sachs Group reduced their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered 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 report on Thursday, September 19th. Truist Financial raised their price objective on Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Finally, Telsey Advisory Group reduced their price objective on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Five Below currently has a consensus rating of “Hold” and an average price target of $106.40.

Five Below Trading Up 0.5 %

Shares of NASDAQ FIVE opened at $83.49 on Friday. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 0.93 and a beta of 1.20. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The business has a fifty day simple moving average of $91.34 and a 200 day simple moving average of $97.90.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, research analysts anticipate that Five Below, Inc. will post 4.57 earnings per share for the current fiscal year.

Five Below 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.