Partnership Wealth Management LLC Raises Holdings in Five Below, Inc. (NASDAQ:FIVE)

Partnership Wealth Management LLC grew its holdings in Five Below, Inc. (NASDAQ:FIVE) by 63.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 515 shares of the specialty retailer’s stock after purchasing an additional 200 shares during the period. Partnership Wealth Management LLC’s holdings in Five Below were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Five Below in the fourth quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of Five Below in the 1st quarter worth approximately $28,000. LRI Investments LLC acquired a new position in shares of Five Below in the 1st quarter worth approximately $38,000. Hobbs Group Advisors LLC purchased a new position in shares of Five Below during the 2nd quarter worth approximately $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Five Below in the 2nd quarter valued at approximately $50,000.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Craig Hallum raised their price target on Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Truist Financial restated a “hold” rating and set a $89.00 target price on shares of Five Below in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $79.00 target price (down from $155.00) on shares of Five Below in a research report on Thursday, July 18th. Gordon Haskett cut shares of Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Mizuho restated a “neutral” rating and issued a $85.00 price objective on shares of Five Below in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.15.

Five Below Stock Up 0.3 %

Shares of Five Below stock opened at $92.07 on Wednesday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.06 and a beta of 1.21. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The firm’s 50 day moving average is $82.46 and its two-hundred day moving average is $112.61.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm 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, research analysts expect that Five Below, Inc. will post 4.55 earnings per share for the current fiscal 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.