Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC grew its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 49.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,863 shares of the specialty retailer’s stock after purchasing an additional 1,613 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Five Below were worth $510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the period. Brooklyn Investment Group acquired a new position in Five Below during the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new position in Five Below during the 3rd quarter worth approximately $42,000. EverSource Wealth Advisors LLC increased its position in Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Five Below in the 4th quarter worth approximately $68,000.

Five Below Stock Up 1.9 %

Shares of Five Below stock opened at $74.37 on Tuesday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $209.79. The firm has a market cap of $4.09 billion, a PE ratio of 15.33, a P/E/G ratio of 1.19 and a beta of 1.11. The business’s fifty day moving average is $89.81 and its two-hundred day moving average is $92.76.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Loop Capital upped their price target on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and issued a $115.00 price target on shares of Five Below in a report on Tuesday, January 14th. Finally, Guggenheim upped their price target on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average target price of $111.32.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

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.