Jacobs Levy Equity Management Inc. bought a new position in Five Below, Inc. (NASDAQ:FIVE – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 17,861 shares of the specialty retailer’s stock, valued at approximately $1,338,000.
A number of other large investors also recently added to or reduced their stakes in FIVE. Captrust Financial Advisors raised its position in Five Below by 11.6% in the 4th quarter. Captrust Financial Advisors now owns 9,316 shares of the specialty retailer’s stock worth $978,000 after purchasing an additional 965 shares during the period. Deutsche Bank AG raised its position in Five Below by 124.5% in the 4th quarter. Deutsche Bank AG now owns 148,320 shares of the specialty retailer’s stock worth $15,568,000 after purchasing an additional 82,255 shares during the period. Focus Partners Wealth purchased a new stake in shares of Five Below during the fourth quarter valued at approximately $247,000. Gotham Asset Management LLC purchased a new stake in shares of Five Below during the fourth quarter valued at approximately $2,071,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Five Below by 4.9% during the fourth quarter. Janus Henderson Group PLC now owns 32,880 shares of the specialty retailer’s stock valued at $3,450,000 after purchasing an additional 1,541 shares during the period.
Five Below Trading Down 0.2%
Shares of FIVE opened at $145.77 on Friday. The firm’s 50-day moving average price is $139.30 and its 200-day moving average price is $108.97. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.13 and a beta of 1.09. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $155.34.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Evercore ISI increased their price objective on Five Below from $132.00 to $134.00 and gave the company an “in-line” rating in a research note on Tuesday, August 26th. Craig Hallum increased their price objective on Five Below from $164.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Morgan Stanley increased their price objective on Five Below from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Telsey Advisory Group raised Five Below from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $144.00 to $170.00 in a research note on Thursday, August 28th. Finally, Guggenheim increased their price objective on Five Below from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Five Below currently has an average rating of “Hold” and an average target price of $143.56.
View Our Latest Analysis on FIVE
Insider Transactions at Five Below
In other Five Below news, insider George Hill sold 1,500 shares of the firm’s stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $140.00, for a total transaction of $210,000.00. Following the completion of the transaction, the insider owned 42,672 shares of the company’s stock, valued at approximately $5,974,080. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the transaction, the insider directly owned 25,890 shares of the company’s stock, valued at $3,240,651.30. This represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,518 shares of company stock worth $1,261,787. Corporate insiders own 1.90% of the company’s stock.
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.
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