Magnus Financial Group LLC Takes Position in Five Below Inc (FIVE)

Magnus Financial Group LLC purchased a new position in shares of Five Below Inc (NASDAQ:FIVE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,281 shares of the specialty retailer’s stock, valued at approximately $233,000.

Several other hedge funds have also bought and sold shares of FIVE. Cambridge Investment Research Advisors Inc. raised its position in Five Below by 22.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,015 shares of the specialty retailer’s stock worth $912,000 after purchasing an additional 1,301 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Five Below by 17.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,505 shares of the specialty retailer’s stock worth $6,309,000 after purchasing an additional 7,360 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Five Below by 20.0% in the third quarter. Janney Montgomery Scott LLC now owns 7,099 shares of the specialty retailer’s stock worth $923,000 after purchasing an additional 1,185 shares in the last quarter. Dupont Capital Management Corp acquired a new position in Five Below in the third quarter worth about $832,000. Finally, ING Groep NV acquired a new position in Five Below in the third quarter worth about $1,108,000. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Ronald Sargent sold 31,500 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $97.60, for a total value of $3,074,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.60% of the company’s stock.



Several research firms have recently weighed in on FIVE. Bank of America began coverage on shares of Five Below in a report on Thursday, March 7th. They set a “buy” rating and a $140.00 price objective for the company. Oppenheimer began coverage on shares of Five Below in a report on Wednesday, March 6th. They set an “outperform” rating and a $140.00 price objective for the company. Zacks Investment Research lowered shares of Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. BidaskClub lowered shares of Five Below from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Finally, JPMorgan Chase & Co. lowered shares of Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 price objective for the company. in a report on Friday, February 22nd. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $121.91.

Shares of Five Below stock opened at $117.69 on Friday. The company has a market capitalization of $6.54 billion, a P/E ratio of 65.75, a P/E/G ratio of 1.28 and a beta of 0.60. Five Below Inc has a fifty-two week low of $66.83 and a fifty-two week high of $136.13.

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About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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