2,977 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by Choreo LLC

Choreo LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) during the second quarter, HoldingsChannel reports. The fund acquired 2,977 shares of the specialty retailer’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVE. BNP Paribas Financial Markets boosted its position in shares of Five Below by 30.4% in the first quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after acquiring an additional 3,166 shares during the period. Cetera Investment Advisers grew its position 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. Quadrature Capital Ltd bought a new position in shares of Five Below during the first quarter worth approximately $2,656,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after purchasing an additional 38,419 shares during the period. Finally, Bridgefront Capital LLC raised its position in shares of Five Below by 379.0% in the fourth quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock valued at $1,699,000 after buying an additional 6,306 shares in the last quarter.

Five Below Stock Up 2.9 %

NASDAQ FIVE opened at $101.76 on Wednesday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 0.99 and a beta of 1.21. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18. The stock has a fifty day simple moving average of $79.62 and a 200 day simple moving average of $124.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. William Blair lowered Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of Five Below from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Guggenheim reduced their price target on shares of Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group lowered their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Craig Hallum upgraded Five Below from a “hold” rating to a “buy” rating and decreased their price target for the company from $108.00 to $102.00 in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and an average price target of $109.63.

About Five Below

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.