Ascent Group LLC Purchases 2,390 Shares of Five Below, Inc. (NASDAQ:FIVE)

Ascent Group LLC increased its position in Five Below, Inc. (NASDAQ:FIVE) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,458 shares of the specialty retailer’s stock after purchasing an additional 2,390 shares during the period. Ascent Group LLC’s holdings in Five Below were worth $2,249,000 at the end of the most recent reporting period.

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

Five Below Stock Performance

Shares of FIVE stock opened at $99.20 on Tuesday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.02 and a beta of 1.20. The stock’s 50-day simple moving average is $90.45 and its 200-day simple moving average is $95.09.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group cut their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Truist Financial increased their price objective on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, Mizuho reissued a “neutral” rating and issued a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Five Below has an average rating of “Hold” and a consensus price target of $106.60.

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.