Five Below, Inc. (NASDAQ:FIVE) is Wasatch Advisors LP’s 10th Largest Position

Wasatch Advisors LP lifted its position in Five Below, Inc. (NASDAQ:FIVE) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,876,053 shares of the specialty retailer’s stock after buying an additional 37,797 shares during the quarter. Five Below comprises 1.8% of Wasatch Advisors LP’s investment portfolio, making the stock its 10th largest holding. Wasatch Advisors LP owned 3.40% of Five Below worth $340,278,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Five Below during the 4th quarter valued at about $26,000. Rise Advisors LLC acquired a new position in Five Below during the first quarter valued at approximately $28,000. Planned Solutions Inc. bought a new position in shares of Five Below in the fourth quarter valued at approximately $34,000. CVA Family Office LLC acquired a new stake in shares of Five Below in the fourth quarter worth $36,000. Finally, Quest Partners LLC bought a new stake in shares of Five Below during the 4th quarter worth $37,000.

Analysts Set New Price Targets

A number of research firms have weighed in on FIVE. Telsey Advisory Group cut their target price on shares of Five Below from $220.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Barclays dropped their price target on Five Below from $214.00 to $176.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Truist Financial cut their price target on Five Below from $176.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Morgan Stanley lowered their price objective on shares of Five Below from $210.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Finally, Mizuho cut their target price on shares of Five Below from $215.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Five Below presently has an average rating of “Moderate Buy” and an average price target of $169.50.

Five Below Stock Down 1.6 %

NASDAQ:FIVE traded down $1.70 during trading hours on Tuesday, reaching $106.15. The company had a trading volume of 1,630,734 shares, compared to its average volume of 1,078,833. The stock has a 50-day moving average of $129.80 and a two-hundred day moving average of $167.26. Five Below, Inc. has a one year low of $104.80 and a one year high of $216.18. The firm has a market capitalization of $5.85 billion, a PE ratio of 19.95, a PEG ratio of 1.26 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The firm had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. During the same period in the previous year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Five Below, Inc. will post 5.2 earnings per share for the current year.

Five Below Profile

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.