BNP Paribas Arbitrage SNC Increases Stake in Five Below, Inc. (NASDAQ:FIVE)

BNP Paribas Arbitrage SNC lifted its stake in Five Below, Inc. (NASDAQ:FIVEFree Report) by 323.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,943 shares of the specialty retailer’s stock after purchasing an additional 25,921 shares during the quarter. BNP Paribas Arbitrage SNC owned about 0.06% of Five Below worth $6,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIVE. Price T Rowe Associates Inc. MD boosted its holdings in shares of Five Below by 2,513.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock valued at $801,779,000 after acquiring an additional 3,743,768 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in Five Below during the 4th quarter worth about $99,794,000. William Blair Investment Management LLC acquired a new stake in Five Below during the first quarter worth about $116,066,000. Montrusco Bolton Investments Inc. raised its position in Five Below by 83.6% during the second quarter. Montrusco Bolton Investments Inc. now owns 1,143,857 shares of the specialty retailer’s stock valued at $219,947,000 after acquiring an additional 520,724 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its holdings in Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after acquiring an additional 471,349 shares during the period.

Five Below Stock Performance

NASDAQ FIVE opened at $184.99 on Tuesday. The stock’s fifty day moving average is $167.76 and its two-hundred day moving average is $182.42. The firm has a market capitalization of $10.30 billion, a P/E ratio of 37.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.18. Five Below, Inc. has a fifty-two week low of $144.57 and a fifty-two week high of $220.19.

Five Below (NASDAQ:FIVEGet Free Report) last announced its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.83 by $0.01. Five Below had a return on equity of 20.23% and a net margin of 8.35%. The business had revenue of $759.00 million for the quarter, compared to analyst estimates of $760.02 million. During the same quarter in the prior year, the company posted $0.74 EPS. The company’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts forecast that Five Below, Inc. will post 5.46 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on FIVE. Wells Fargo & Company cut their target price on shares of Five Below from $220.00 to $205.00 and set an “overweight” rating for the company in a report on Thursday, August 31st. Bank of America lowered their target price on shares of Five Below from $242.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Guggenheim restated a “buy” rating and issued a $220.00 price target on shares of Five Below in a research note on Friday, September 1st. Truist Financial dropped their price objective on Five Below from $201.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Finally, UBS Group reduced their target price on Five Below from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $216.57.

Check Out Our Latest Report on Five Below

Insider Activity

In other Five Below news, CEO Joel D. Anderson purchased 3,100 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of $161.50 per share, with a total value of $500,650.00. Following the purchase, the chief executive officer now directly owns 99,656 shares in the company, valued at approximately $16,094,444. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Five Below Company Profile

(Free Report)

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, accent furniture, and related items, as well as provides storage options.

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

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