OppenheimerFunds Inc. lessened its stake in Five Below Inc (NASDAQ:FIVE) by 21.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,708 shares of the specialty retailer’s stock after selling 3,180 shares during the period. OppenheimerFunds Inc.’s holdings in Five Below were worth $776,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIVE. Nationwide Fund Advisors lifted its stake in shares of Five Below by 28.8% in the third quarter. Nationwide Fund Advisors now owns 164,290 shares of the specialty retailer’s stock valued at $9,016,000 after buying an additional 36,733 shares during the period. First Trust Advisors LP lifted its stake in shares of Five Below by 59.4% in the third quarter. First Trust Advisors LP now owns 39,346 shares of the specialty retailer’s stock valued at $2,159,000 after buying an additional 14,661 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Five Below in the third quarter valued at about $972,000. Prudential Financial Inc. lifted its stake in shares of Five Below by 3.2% in the third quarter. Prudential Financial Inc. now owns 181,570 shares of the specialty retailer’s stock valued at $9,964,000 after buying an additional 5,640 shares during the period. Finally, Sei Investments Co. lifted its stake in Five Below by 33.0% during the third quarter. Sei Investments Co. now owns 32,181 shares of the specialty retailer’s stock worth $1,766,000 after purchasing an additional 7,993 shares during the period.
A number of brokerages have commented on FIVE. MKM Partners raised their price target on shares of Five Below to $75.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research cut shares of Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 6th. Deutsche Bank upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, January 3rd. Finally, Morgan Stanley raised their price target on shares of Five Below from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Five Below currently has an average rating of “Hold” and an average target price of $64.97.
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Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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