Park Avenue Securities LLC purchased a new position in Five Below Inc (NASDAQ:FIVE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,012 shares of the specialty retailer’s stock, valued at approximately $237,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of FIVE. Navellier & Associates Inc grew its holdings in shares of Five Below by 1.9% in the fourth quarter. Navellier & Associates Inc now owns 4,865 shares of the specialty retailer’s stock valued at $498,000 after purchasing an additional 93 shares during the period. TCI Wealth Advisors Inc. lifted its position in Five Below by 270.3% in the fourth quarter. TCI Wealth Advisors Inc. now owns 274 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Somerset Trust Co lifted its position in Five Below by 602.5% in the fourth quarter. Somerset Trust Co now owns 281 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 241 shares during the last quarter. First Hawaiian Bank lifted its position in Five Below by 52.3% in the fourth quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 260 shares during the last quarter. Finally, Strs Ohio lifted its position in Five Below by 2.1% in the fourth quarter. Strs Ohio now owns 19,900 shares of the specialty retailer’s stock valued at $2,036,000 after buying an additional 400 shares during the last quarter. 95.35% of the stock is owned by institutional investors.
Shares of Five Below stock opened at $130.67 on Thursday. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 73.00, a P/E/G ratio of 1.32 and a beta of 0.63. Five Below Inc has a 52 week low of $63.75 and a 52 week high of $136.13.
In other news, Director Ronald Sargent sold 31,500 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $97.60, for a total transaction of $3,074,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.
FIVE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Five Below to $153.00 in a research report on Sunday, December 2nd. BidaskClub cut shares of Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Zacks Investment Research reaffirmed a “hold” rating and issued a $100.00 target price on shares of Five Below in a research report on Monday, December 31st. Dougherty & Co raised shares of Five Below from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Monday, November 26th. Finally, Loop Capital reduced their price target on shares of Five Below to $110.00 and set a “hold” rating on the stock in a research report on Tuesday, November 27th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $121.24.
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Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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