Riverbridge Partners LLC lowered its position in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 29.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 572,301 shares of the specialty retailer’s stock after selling 242,342 shares during the period. Five Below accounts for 3.2% of Riverbridge Partners LLC’s portfolio, making the stock its 3rd largest holding. Riverbridge Partners LLC’s holdings in Five Below were worth $130,759,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Five Below by 40,774,210.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock valued at $10,445,139,000 after acquiring an additional 55,452,926 shares during the last quarter. Norges Bank bought a new position in shares of Five Below during the 4th quarter valued at $182,786,000. AQR Capital Management LLC raised its holdings in shares of Five Below by 176.0% during the 4th quarter. AQR Capital Management LLC now owns 1,168,832 shares of the specialty retailer’s stock valued at $220,161,000 after purchasing an additional 745,272 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Five Below by 54.6% in the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock valued at $336,254,000 after purchasing an additional 630,710 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Five Below in the 4th quarter valued at $100,884,000.
Five Below Stock Down 3.9%
FIVE opened at $185.95 on Wednesday. The stock’s 50 day moving average price is $215.65 and its two-hundred day moving average price is $208.57. The firm has a market capitalization of $10.28 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. Five Below, Inc. has a 12-month low of $123.25 and a 12-month high of $251.63.
Analyst Upgrades and Downgrades
Several equities analysts have commented on FIVE shares. Wall Street Zen raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Sanford C. Bernstein upped their price target on Five Below from $243.00 to $247.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th. Guggenheim decreased their price target on Five Below from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Bank of America increased their price objective on Five Below from $260.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Truist Financial boosted their target price on Five Below from $261.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Five Below has a consensus rating of “Moderate Buy” and an average price target of $254.40.
Read Our Latest Research Report on Five Below
Five Below Company Profile
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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