Hobbs Group Advisors LLC Takes $44,000 Position in Five Below, Inc. (NASDAQ:FIVE)

Hobbs Group Advisors LLC acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 400 shares of the specialty retailer’s stock, valued at approximately $44,000.

A number of other large investors have also recently made changes to their positions in FIVE. International Assets Investment Management LLC bought a new stake in Five Below in the 4th quarter worth approximately $3,726,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Five Below by 6.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,961 shares of the specialty retailer’s stock valued at $2,550,000 after acquiring an additional 751 shares during the period. abrdn plc lifted its holdings in shares of Five Below by 40.7% in the 4th quarter. abrdn plc now owns 168,805 shares of the specialty retailer’s stock worth $35,982,000 after buying an additional 48,857 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Five Below by 4.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,320 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 59 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Five Below by 1.9% in the fourth quarter. Signaturefd LLC now owns 12,426 shares of the specialty retailer’s stock valued at $2,649,000 after purchasing an additional 232 shares during the period.

Five Below Trading Up 4.0 %

NASDAQ:FIVE traded up $3.10 during midday trading on Wednesday, reaching $80.41. The company had a trading volume of 699,618 shares, compared to its average volume of 1,328,586. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.87 and a beta of 1.19. The stock’s fifty day simple moving average is $90.44 and its 200-day simple moving average is $139.12. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. As a group, sell-side analysts expect that Five Below, Inc. will post 4.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Gordon Haskett lowered Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. Telsey Advisory Group lowered their price target on Five Below from $155.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Citigroup reduced their price objective on Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. Finally, Craig Hallum cut their target price on Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Five Below presently has an average rating of “Hold” and a consensus target price of $113.37.

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.