Cinctive Capital Management LP Acquires Shares of 61,175 Five Below, Inc. (NASDAQ:FIVE)

Cinctive Capital Management LP bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 61,175 shares of the specialty retailer’s stock, valued at approximately $5,405,000. Cinctive Capital Management LP owned approximately 0.11% of Five Below as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FIVE. Janus Henderson Group PLC grew its stake in Five Below by 0.4% during the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after buying an additional 115 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Five Below by 1,842.1% in the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after acquiring an additional 21,368 shares in the last quarter. Cetera Advisors LLC grew its position in Five Below by 127.8% during the 1st quarter. Cetera Advisors LLC now owns 4,585 shares of the specialty retailer’s stock worth $832,000 after acquiring an additional 2,572 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Five Below by 33.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,251 shares of the specialty retailer’s stock valued at $3,693,000 after purchasing an additional 5,054 shares in the last quarter. Finally, Somerset Trust Co raised its position in Five Below by 6.8% in the 2nd quarter. Somerset Trust Co now owns 4,338 shares of the specialty retailer’s stock valued at $473,000 after purchasing an additional 278 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIVE. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 7th. Truist Financial increased their price objective on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Craig Hallum boosted their target price on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Bank of America cut shares of Five Below from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Finally, Melius Research began coverage on shares of Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.05.

Five Below Trading Down 0.3 %

NASDAQ:FIVE opened at $92.70 on Monday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.02 and a beta of 1.20. The business’s 50-day moving average price is $90.45 and its two-hundred day moving average price is $95.41.

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.