Holocene Advisors LP Acquires Shares of 439,491 Five Below, Inc. (NASDAQ:FIVE)

Holocene Advisors LP bought a new position in shares of Five Below, Inc. (NASDAQ:FIVE) in the third quarter, HoldingsChannel reports. The firm bought 439,491 shares of the specialty retailer’s stock, valued at approximately $38,829,000.

Several other large investors also recently modified their holdings of FIVE. Atreides Management LP bought a new position in shares of Five Below during the third quarter valued at approximately $68,649,000. Point72 Asset Management L.P. increased its position in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the period. BNP Paribas Financial Markets raised its holdings in Five Below by 1,094.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock worth $32,349,000 after purchasing an additional 335,493 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after purchasing an additional 207,083 shares during the period. Finally, Verition Fund Management LLC boosted its stake in shares of Five Below by 196.0% during the 3rd quarter. Verition Fund Management LLC now owns 301,453 shares of the specialty retailer’s stock valued at $26,633,000 after purchasing an additional 199,610 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FIVE. Telsey Advisory Group downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $102.00 to $95.00 in a research note on Monday, November 25th. Citigroup increased their target price on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday. UBS Group dropped their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Mizuho reiterated a “neutral” rating and issued a $85.00 price objective on shares of Five Below in a report on Thursday, October 3rd. Finally, Craig Hallum boosted their target price on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.60.

Five Below Price Performance

Shares of FIVE opened at $99.20 on Tuesday. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18. The business has a fifty day moving average of $90.45 and a 200 day moving average of $95.09. The firm has a market capitalization of $5.46 billion, a P/E ratio of 19.53, a PEG ratio of 1.02 and a beta of 1.19.

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.