Syon Capital LLC lifted its holdings in Five Below, Inc. (NASDAQ:FIVE – Free Report) by 76.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,539 shares of the specialty retailer’s stock after acquiring an additional 2,391 shares during the quarter. Syon Capital LLC’s holdings in Five Below were worth $857,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Eastern Bank lifted its stake in Five Below by 705.0% in the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 141 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Five Below in the 2nd quarter valued at about $26,000. IFP Advisors Inc lifted its position in shares of Five Below by 653.8% in the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Five Below during the third quarter worth approximately $40,000. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Five Below by 15,500.0% during the third quarter. SJS Investment Consulting Inc. now owns 312 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 310 shares during the period.
Five Below Price Performance
Shares of NASDAQ:FIVE opened at $217.47 on Friday. The stock has a market capitalization of $12.00 billion, a P/E ratio of 39.04, a P/E/G ratio of 1.64 and a beta of 1.14. The business has a 50-day moving average of $194.65 and a two-hundred day moving average of $166.60. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $218.81.
Analysts Set New Price Targets
FIVE has been the topic of several research reports. Wall Street Zen lowered shares of Five Below from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. The Goldman Sachs Group increased their price objective on Five Below from $188.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Five Below in a research report on Thursday, January 22nd. Bank of America raised Five Below from an “underperform” rating to a “buy” rating and set a $233.00 target price on the stock in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on Five Below from $210.00 to $246.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Five Below has a consensus rating of “Moderate Buy” and a consensus target price of $204.20.
Read Our Latest Report on FIVE
Insider Buying and Selling at Five Below
In other news, CAO Eric M. Specter sold 8,500 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the transaction, the chief accounting officer owned 45,724 shares in the company, valued at approximately $9,197,382.60. The trade was a 15.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kenneth R. Bull sold 25,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $174.75, for a total transaction of $4,368,750.00. Following the transaction, the chief operating officer directly owned 106,140 shares of the company’s stock, valued at $18,547,965. This represents a 19.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,769 shares of company stock worth $9,365,308 in the last ninety days. 1.90% of the stock is owned by insiders.
Five Below Profile
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.
Further Reading
- Five stocks we like better than Five Below
- 3 Signs You May Want to Switch Financial Advisors
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- From Quiet Compounder to 2026 Breakout? BSEM
- Congress Is Building a System to Control How You Spend Your Money
Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVE – Free Report).
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.
