Thrivent Financial for Lutherans Has $1.14 Million Holdings in Five Below, Inc. (NASDAQ:FIVE)

Thrivent Financial for Lutherans lessened its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,938 shares of the specialty retailer’s stock after selling 397 shares during the period. Thrivent Financial for Lutherans’ holdings in Five Below were worth $1,143,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FIVE. Paladin Wealth LLC bought a new stake in Five Below during the third quarter worth approximately $26,000. Hobbs Group Advisors LLC acquired a new stake in shares of Five Below in the second quarter worth $44,000. Partnership Wealth Management LLC boosted its holdings in shares of Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Five Below in the 2nd quarter valued at $50,000. Finally, Headlands Technologies LLC bought a new position in Five Below in the 2nd quarter worth $111,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FIVE shares. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Evercore ISI upped their price target on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. UBS Group lowered their price objective on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Citigroup reduced their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Finally, KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and a consensus price target of $106.05.

Five Below Price Performance

Five Below stock opened at $92.70 on Monday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.02 and a beta of 1.20. The stock has a fifty day moving average price of $90.45 and a two-hundred day moving average price of $95.41. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18.

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.