Peloton Wealth Strategists Grows Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Peloton Wealth Strategists raised its holdings in Five Below, Inc. (NASDAQ:FIVE) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,320 shares of the specialty retailer’s stock after buying an additional 500 shares during the quarter. Peloton Wealth Strategists’ holdings in Five Below were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Paladin Wealth LLC acquired a new stake in shares of Five Below in the third quarter worth approximately $26,000. Brooklyn Investment Group purchased a new stake in shares of Five Below during the 3rd quarter valued at $30,000. Hobbs Group Advisors LLC acquired a new stake in shares of Five Below during the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Five Below in the 2nd quarter worth $50,000. Finally, Partnership Wealth Management LLC grew its position in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FIVE shares. Wells Fargo & Company boosted their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday. Evercore ISI raised their price objective on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Loop Capital boosted their price objective on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Guggenheim increased their target price on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and a consensus price target of $116.15.

Five Below Trading Down 2.8 %

FIVE stock opened at $112.73 on Monday. The firm has a market cap of $6.20 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.15 and a beta of 1.19. The stock’s 50 day simple moving average is $91.79 and its 200 day simple moving average is $94.10. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period last year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current fiscal 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.