Paladin Wealth LLC Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Paladin Wealth LLC acquired a new stake in Five Below, Inc. (NASDAQ:FIVE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 296 shares of the specialty retailer’s stock, valued at approximately $26,000.

A number of other hedge funds have also made changes to their positions in FIVE. Point72 Asset Management L.P. increased its stake in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares during the period. Marshall Wace LLP increased its stake in shares of Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after acquiring an additional 207,083 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after acquiring an additional 167,330 shares during the period. Jennison Associates LLC acquired a new position in shares of Five Below during the first quarter valued at approximately $25,114,000. Finally, Riverbridge Partners LLC increased its stake in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after acquiring an additional 72,020 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIVE. Evercore ISI reduced their target price on shares of Five Below from $101.00 to $95.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Telsey Advisory Group reduced their target price on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. UBS Group reduced their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, KeyCorp reduced their target price on shares of Five Below from $115.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average target price of $111.15.

Five Below Stock Down 3.1 %

Shares of NASDAQ:FIVE opened at $90.48 on Tuesday. The firm has a fifty day moving average of $84.21 and a two-hundred day moving average of $110.15. The firm has a market capitalization of $4.98 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Equities research analysts expect that Five Below, Inc. will post 4.55 earnings per share for the current fiscal year.

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.