First Trust Advisors LP lifted its holdings in Five Below Inc (NASDAQ:FIVE) by 70.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,049 shares of the specialty retailer’s stock after acquiring an additional 27,703 shares during the quarter. First Trust Advisors LP’s holdings in Five Below were worth $4,447,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Five Below by 24.1% in the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after buying an additional 412,641 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in Five Below by 7.5% in the fourth quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock valued at $138,056,000 after purchasing an additional 144,473 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Five Below by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock valued at $64,914,000 after purchasing an additional 30,368 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new position in Five Below in the fourth quarter valued at approximately $69,990,000. Finally, TimesSquare Capital Management LLC lifted its stake in Five Below by 10.1% in the third quarter. TimesSquare Capital Management LLC now owns 756,150 shares of the specialty retailer’s stock valued at $41,498,000 after purchasing an additional 69,340 shares during the last quarter.
Shares of Five Below Inc (NASDAQ FIVE) opened at $68.58 on Friday. Five Below Inc has a 1-year low of $37.21 and a 1-year high of $73.55. The stock has a market cap of $3,757.09, a price-to-earnings ratio of 44.46, a price-to-earnings-growth ratio of 0.97 and a beta of 0.62.
Several equities analysts recently commented on FIVE shares. Morgan Stanley upped their price objective on Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 27th. Jefferies Group reiterated a “buy” rating and issued a $85.00 price objective on shares of Five Below in a research note on Monday, January 8th. KeyCorp reiterated a “hold” rating on shares of Five Below in a research note on Friday, November 10th. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Finally, Dougherty & Co upped their price objective on Five Below from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Five Below presently has a consensus rating of “Buy” and an average price target of $64.97.
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Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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