Holocene Advisors LP Invests $38.83 Million in Five Below, Inc. (NASDAQ:FIVE)

Holocene Advisors LP bought a new stake in Five Below, Inc. (NASDAQ:FIVE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 439,491 shares of the specialty retailer’s stock, valued at approximately $38,829,000. Holocene Advisors LP owned about 0.80% of Five Below at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atreides Management LP bought a new stake in shares of Five Below during the 3rd quarter valued at about $68,649,000. Point72 Asset Management L.P. boosted its holdings in shares of Five Below by 556.2% during the 2nd 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 in the last quarter. BNP Paribas Financial Markets grew its position in shares of Five Below by 1,094.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock worth $32,349,000 after buying an additional 335,493 shares during the period. Marshall Wace LLP increased its stake in shares of Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after acquiring an additional 207,083 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Five Below by 196.0% during the 3rd quarter. Verition Fund Management LLC now owns 301,453 shares of the specialty retailer’s stock valued at $26,633,000 after acquiring an additional 199,610 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FIVE. Citigroup increased their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday. Evercore ISI raised their price objective on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 7th. Finally, UBS Group decreased their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $106.60.

Five Below Trading Up 7.0 %

FIVE stock 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 stock has a market cap of $5.46 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19. The company’s 50 day moving average is $90.45 and its 200 day moving average is $95.09.

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.