Five Below, Inc. (NASDAQ:FIVE) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 72.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,815 shares of the specialty retailer’s stock after purchasing an additional 9,188 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Five Below were worth $1,927,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Paladin Wealth LLC acquired a new stake in shares of Five Below in the third quarter valued at approximately $26,000. Partnership Wealth Management LLC raised its holdings in shares of Five Below by 2,000.0% during the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 300 shares during the period. LRI Investments LLC acquired a new position in shares of Five Below during the 1st quarter valued at about $38,000. Hobbs Group Advisors LLC purchased a new stake in shares of Five Below in the second quarter valued at about $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Five Below during the second quarter worth about $50,000.

Five Below Price Performance

NASDAQ:FIVE opened at $83.26 on Wednesday. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $216.18. The firm has a market capitalization of $4.58 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.20. The business’s fifty day moving average price is $91.00 and its 200 day moving average price is $100.16.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, equities analysts anticipate that Five Below, Inc. will post 4.56 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIVE. UBS Group cut their target price on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Evercore ISI upped their target price on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $160.00 to $100.00 in a research report on Wednesday, July 17th. Barclays lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $176.00 to $90.00 in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lowered Five Below from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $89.00 to $95.00 in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.40.

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.