Verition Fund Management LLC Grows Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Verition Fund Management LLC grew its holdings in Five Below, Inc. (NASDAQ:FIVE) by 196.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 301,453 shares of the specialty retailer’s stock after acquiring an additional 199,610 shares during the quarter. Verition Fund Management LLC owned 0.55% of Five Below worth $26,633,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Five Below by 0.4% in the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after purchasing an additional 115 shares during the last quarter. LRI Investments LLC purchased a new position in Five Below during the 1st quarter worth approximately $38,000. Cetera Investment Advisers lifted its stake in Five Below by 1,842.1% during the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after acquiring an additional 21,368 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Five Below by 127.8% in the 1st quarter. Cetera Advisors LLC now owns 4,585 shares of the specialty retailer’s stock valued at $832,000 after acquiring an additional 2,572 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Five Below by 33.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 20,251 shares of the specialty retailer’s stock worth $3,693,000 after acquiring an additional 5,054 shares during the period.

Analyst Ratings Changes

A number of research firms recently issued reports on FIVE. Mizuho restated a “neutral” rating and set a $85.00 target price on shares of Five Below in a research report on Thursday, October 3rd. Telsey Advisory Group cut Five Below from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $102.00 to $95.00 in a report on Monday. UBS Group dropped their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Truist Financial boosted their price target on Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, Citigroup dropped their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Five Below presently has an average rating of “Hold” and an average target price of $106.05.

Five Below Stock Performance

NASDAQ:FIVE opened at $93.01 on Friday. The stock has a 50 day moving average price of $90.60 and a 200 day moving average price of $96.08. The stock has a market cap of $5.12 billion, a PE ratio of 18.31, a P/E/G ratio of 1.02 and a beta of 1.20. Five Below, Inc. has a one year low of $64.87 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. As a group, analysts predict that Five Below, Inc. will post 4.57 earnings per share for the current fiscal year.

Five Below 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.