Hsbc Holdings PLC Boosts Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Hsbc Holdings PLC raised its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 1,501.4% during the 2nd quarter, Holdings Channel reports. The firm owned 43,095 shares of the specialty retailer’s stock after buying an additional 40,404 shares during the quarter. Hsbc Holdings PLC’s holdings in Five Below were worth $4,655,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of FIVE. Junto Capital Management LP purchased a new stake in shares of Five Below in the fourth quarter worth about $73,472,000. Dimensional Fund Advisors LP boosted its stake in shares of Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after buying an additional 167,330 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Five Below in the first quarter worth about $25,114,000. Riverbridge Partners LLC boosted its stake in shares of Five Below by 5.5% in the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after buying an additional 72,020 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of Five Below by 2.5% in the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after buying an additional 58,883 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Guggenheim lowered their target price on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Melius Research assumed coverage on Five Below in a research note on Monday. They issued a “hold” rating and a $100.00 target price on the stock. Craig Hallum raised Five Below from a “hold” rating to a “buy” rating and reduced their price target for the stock from $108.00 to $102.00 in a report on Thursday, August 29th. Gordon Haskett cut Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $89.00 price target on shares of Five Below in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued 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 target price of $109.45.

Five Below Trading Down 2.4 %

NASDAQ:FIVE opened at $93.99 on Wednesday. The firm has a market cap of $5.18 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The stock has a fifty day moving average price of $79.08 and a 200 day moving average price of $120.21. 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 earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Equities analysts forecast that Five Below, Inc. will post 4.55 EPS for the current year.

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.