Geode Capital Management LLC raised its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 979,489 shares of the specialty retailer's stock after purchasing an additional 11,504 shares during the period. Geode Capital Management LLC owned 1.78% of Five Below worth $86,559,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Paladin Wealth LLC purchased a new position in Five Below in the 3rd quarter valued at about $26,000. Brooklyn Investment Group acquired a new position in shares of Five Below during the third quarter valued at approximately $30,000. Partnership Wealth Management LLC lifted its position in shares of Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Five Below in the second quarter worth approximately $50,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Five Below during the second quarter worth approximately $111,000.
A number of equities research analysts have recently issued reports on the stock. William Blair reaffirmed a "market perform" rating on shares of Five Below in a report on Monday, December 2nd. Melius Research started coverage on shares of Five Below in a report on Monday, September 23rd. They set a "hold" rating and a $100.00 price target for the company. Truist Financial upped their target price on shares of Five Below from $88.00 to $118.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Mizuho boosted their price target on shares of Five Below from $90.00 to $105.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, Gordon Haskett raised shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Five Below currently has an average rating of "Hold" and a consensus target price of $116.15.
Read Our Latest Analysis on FIVE
Shares of NASDAQ FIVE opened at $107.75 on Friday. The business has a 50-day moving average price of $94.69 and a 200 day moving average price of $93.01. The stock has a market cap of $5.93 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18.
Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company's revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. Sell-side analysts anticipate that Five Below, Inc. will post 4.94 earnings per share for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Five Below, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Five Below wasn't on the list.
While Five Below currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.