40,000 Shares in Five Below, Inc. (NASDAQ:FIVE) Acquired by ING Groep NV

ING Groep NV purchased a new position in Five Below, Inc. (NASDAQ:FIVE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,000 shares of the specialty retailer’s stock, valued at approximately $3,534,000. ING Groep NV owned 0.07% of Five Below at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. increased its stake in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares during the period. Marshall Wace LLP grew its holdings in Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after acquiring an additional 207,083 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after acquiring an additional 167,330 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Five Below by 318,361.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after acquiring an additional 108,243 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its holdings in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares during the period.

Five Below Stock Performance

Shares of FIVE stock opened at $87.02 on Friday. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.93 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. The company’s 50-day moving average is $91.59 and its 200 day moving average is $99.23.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates 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, research analysts predict that Five Below, Inc. will post 4.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIVE. Melius Research began coverage on Five Below in a report on Monday, September 23rd. They set a “hold” rating and a $100.00 price target on the stock. The Goldman Sachs Group dropped their price target on Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Truist Financial boosted their price objective on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Craig Hallum raised their target price on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI boosted their price target on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.40.

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.