Brooklyn Investment Group Makes New $30,000 Investment in Five Below, Inc. (NASDAQ:FIVE)

Brooklyn Investment Group bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 343 shares of the specialty retailer’s stock, valued at approximately $30,000.

A number of other institutional investors also recently modified their holdings of FIVE. Janney Montgomery Scott LLC grew its position in Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Five Below by 1,842.1% during the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after purchasing an additional 21,368 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Five Below by 1,379.0% in the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after purchasing an additional 15,734 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Five Below in the third quarter valued at about $3,282,000. Finally, Algert Global LLC lifted its position in Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the period.

Five Below Stock Performance

FIVE stock opened at $92.70 on Friday. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The company has a market capitalization of $5.10 billion, a P/E ratio of 18.25, a PEG ratio of 1.02 and a beta of 1.20. The company has a fifty day moving average price of $90.45 and a 200-day moving average price of $95.73.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. As a group, sell-side analysts forecast that Five Below, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FIVE has been the topic of several recent analyst reports. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Truist Financial lifted their price objective on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Craig Hallum upped their target price on Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded Five Below from a “neutral” rating to an “underweight” rating and raised their target price for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Finally, UBS Group lowered their price target on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Five Below has a consensus rating of “Hold” and a consensus target price of $106.05.

Five Below Company 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.