Invenomic Capital Management LP Increases Position in Five Below, Inc. (NASDAQ:FIVE)

Invenomic Capital Management LP increased its stake in Five Below, Inc. (NASDAQ:FIVE) by 422.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,120 shares of the specialty retailer’s stock after buying an additional 161,006 shares during the period. Invenomic Capital Management LP’s holdings in Five Below were worth $17,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FIVE. Paladin Wealth LLC purchased a new position in shares of Five Below during the 3rd quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in shares of Five Below in the third quarter valued at about $30,000. Hobbs Group Advisors LLC purchased a new position in Five Below during the second quarter worth about $44,000. Partnership Wealth Management LLC lifted its stake in Five Below by 63.5% in the third 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 last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Five Below in the 2nd quarter valued at $50,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FIVE. Melius Research started coverage on shares of Five Below in a report on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective on the stock. William Blair reissued a “market perform” rating on shares of Five Below in a research note on Monday. Bank of America lowered Five Below from a “neutral” rating to an “underperform” rating and cut their price target for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Telsey Advisory Group cut Five Below from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $102.00 to $95.00 in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. lowered Five Below from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $89.00 to $95.00 in a research note on Thursday, September 19th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.60.

Five Below Price Performance

NASDAQ:FIVE opened at $99.20 on Tuesday. Five Below, Inc. has a 1-year low of $64.87 and a 1-year high of $216.18. The company’s 50-day moving average is $90.45 and its two-hundred day moving average is $95.09. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.02 and a beta of 1.19.

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.