Pallas Capital Advisors LLC purchased a new stake in Five Below, Inc. (NASDAQ:FIVE – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,253 shares of the specialty retailer’s stock, valued at approximately $1,124,000.
Several other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Five Below during the 2nd quarter worth about $31,000. Basecamp Wealth Advisors LLC raised its position in Five Below by 83.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 182 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 83 shares in the last quarter. Bayban bought a new position in Five Below during the fourth quarter worth about $34,000. Elevation Wealth Partners LLC lifted its stake in Five Below by 966.7% during the second quarter. Elevation Wealth Partners LLC now owns 192 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 174 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Five Below during the third quarter valued at approximately $32,000.
Five Below Stock Performance
Shares of NASDAQ:FIVE opened at $238.51 on Wednesday. Five Below, Inc. has a twelve month low of $136.23 and a twelve month high of $251.63. The firm has a market cap of $13.19 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.98. The business has a fifty day moving average of $203.59 and a 200-day moving average of $213.50.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on FIVE. The Goldman Sachs Group cut Five Below from a “buy” rating to a “sell” rating in a report on Thursday, August 13th. Susquehanna cut Five Below to a “neutral” rating in a research report on Tuesday, July 21st. Jefferies Financial Group upgraded Five Below from a “hold” rating to a “buy” rating and increased their price objective for the stock from $210.00 to $350.00 in a research note on Thursday, August 13th. Citigroup upgraded shares of Five Below from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. Finally, Evercore set a $215.00 target price on shares of Five Below in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $262.80.
Read Our Latest Research Report on FIVE
About Five Below
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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