Wellington Management Group LLP Grows Position in Five Below, Inc. (NASDAQ:FIVE)

Wellington Management Group LLP increased its position in Five Below, Inc. (NASDAQ:FIVE) by 1,042.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 391,004 shares of the specialty retailer’s stock after purchasing an additional 356,776 shares during the period. Wellington Management Group LLP’s holdings in Five Below were worth $34,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIVE. Paladin Wealth LLC bought a new position in Five Below during the 3rd quarter valued at approximately $26,000. Brooklyn Investment Group bought a new position in Five Below in the 3rd quarter worth $30,000. Hobbs Group Advisors LLC bought a new position in Five Below in the 2nd quarter worth $44,000. Partnership Wealth Management LLC lifted its position in shares of Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Five Below during the 2nd quarter valued at about $50,000.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Craig Hallum lifted their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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 research note on Thursday, December 5th. Finally, UBS Group lowered their price target on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Three research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $116.15.

Five Below Price Performance

Shares of FIVE opened at $103.79 on Friday. The firm has a market cap of $5.71 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.18. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $216.18. The company has a 50 day simple moving average of $93.35 and a two-hundred day simple moving average of $93.99.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.