Allspring Global Investments Holdings LLC Purchases 108,243 Shares of Five Below, Inc. (NASDAQ:FIVE)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 318,361.8% in the 3rd quarter, Holdings Channel reports. The firm owned 108,277 shares of the specialty retailer’s stock after buying an additional 108,243 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Five Below were worth $9,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McClarren Financial Advisors Inc. raised its holdings in shares of Five Below by 18,100.0% during the 1st quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock worth $330,000 after buying an additional 181 shares in the last quarter. LRI Investments LLC bought a new position in Five Below in the first quarter valued at about $38,000. Paladin Wealth LLC acquired a new position in Five Below during the third quarter worth about $26,000. Partnership Wealth Management LLC raised its stake in Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 300 shares in the last quarter. Finally, Natixis bought a new position in shares of Five Below in the first quarter worth about $73,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FIVE shares. KeyCorp lowered their price objective on shares of Five Below from $115.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Evercore ISI upped their price target on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Guggenheim dropped their price target on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Mizuho restated a “neutral” rating and set a $85.00 price objective on shares of Five Below in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $79.00 target price (down previously from $155.00) on shares of Five Below in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.60.

Five Below Stock Performance

Shares of FIVE stock opened at $87.37 on Friday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The stock has a 50 day simple moving average of $88.33 and a two-hundred day simple moving average of $105.76. The company has a market cap of $4.81 billion, a P/E ratio of 17.20, a PEG ratio of 0.99 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $830.07 million during 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%. On average, research analysts predict that Five Below, Inc. will post 4.55 earnings per share for the current year.

Five Below Company 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.