Five Below, Inc. (NASDAQ:FIVE) Short Interest Down 13.6% in November

Five Below, Inc. (NASDAQ:FIVE) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,130,000 shares, a drop of 13.6% from the October 31st total of 4,780,000 shares. Based on an average daily volume of 1,830,000 shares, the short-interest ratio is presently 2.3 days. Approximately 7.7% of the shares of the stock are short sold.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FIVE shares. Citigroup lifted their price objective on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Five Below from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $89.00 to $95.00 in a research report on Thursday, September 19th. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, Craig Hallum increased their price target on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.60.

Hedge Funds Weigh In On Five Below

Several hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC increased its position in Five Below by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock valued at $5,473,000 after purchasing an additional 115 shares during the period. Fifth Third Bancorp raised its stake in Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after buying an additional 147 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Five Below by 9.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after buying an additional 180 shares during the period. Peloton Wealth Strategists boosted its position in Five Below by 3.0% during the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after acquiring an additional 200 shares in the last quarter. Finally, Partnership Wealth Management LLC grew 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 acquiring an additional 200 shares during the period.

Five Below Stock Up 7.0 %

Shares of Five Below stock opened at $99.20 on Tuesday. The firm has a market cap of $5.46 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The company’s fifty day simple moving average is $90.45 and its two-hundred day simple moving average is $95.09.

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.