Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by abrdn plc

abrdn plc boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 40.7% in the fourth quarter, Holdings Channel reports. The fund owned 168,805 shares of the specialty retailer’s stock after purchasing an additional 48,857 shares during the period. abrdn plc’s holdings in Five Below were worth $35,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in Five Below during the 4th quarter worth approximately $34,000. CVA Family Office LLC acquired a new stake in Five Below during the 4th quarter worth approximately $36,000. Covestor Ltd lifted its position in Five Below by 32.0% during the 3rd quarter. Covestor Ltd now owns 450 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 109 shares during the period. Park Place Capital Corp lifted its position in Five Below by 11.5% during the 3rd quarter. Park Place Capital Corp now owns 641 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 66 shares during the period. Finally, Latitude Advisors LLC acquired a new stake in Five Below during the 4th quarter worth approximately $230,000.

Five Below Trading Down 1.1 %

Shares of Five Below stock opened at $148.61 on Tuesday. Five Below, Inc. has a twelve month low of $144.57 and a twelve month high of $216.18. The stock has a market capitalization of $8.21 billion, a P/E ratio of 27.42, a PEG ratio of 1.20 and a beta of 1.19. The business’s fifty day moving average price is $183.41 and its 200 day moving average price is $185.90.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $3.07 EPS. Five Below’s revenue was up 19.1% compared to the same quarter last year. As a group, sell-side analysts predict that Five Below, Inc. will post 6.06 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Telsey Advisory Group cut their target price on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Barclays cut their target price on Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Truist Financial cut their target price on Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Evercore ISI cut their target price on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, UBS Group cut their target price on Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.83.

About Five Below

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.