UBS Group AG Raises Holdings in Five Below, Inc. (NASDAQ:FIVE)

UBS Group AG lifted its holdings in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 3.6% during 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 19,538 shares of the specialty retailer’s stock after buying an additional 682 shares during the quarter. UBS Group AG’s holdings in Five Below were worth $2,690,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System boosted its position in shares of Five Below by 17.6% during the 3rd quarter. California Public Employees Retirement System now owns 123,889 shares of the specialty retailer’s stock worth $17,056,000 after purchasing an additional 18,502 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of Five Below by 7.8% in the third quarter. Gateway Investment Advisers LLC now owns 5,096 shares of the specialty retailer’s stock valued at $702,000 after purchasing an additional 367 shares during the period. Fox Run Management L.L.C. purchased a new stake in Five Below during the second quarter worth about $231,000. Pacer Advisors Inc. acquired a new position in Five Below during the third quarter worth about $519,000. Finally, Texas Permanent School Fund increased its holdings in Five Below by 1.2% in the second quarter. Texas Permanent School Fund now owns 40,184 shares of the specialty retailer’s stock valued at $4,558,000 after buying an additional 465 shares in the last quarter.

Five Below Stock Up 2.2 %

FIVE stock opened at $206.38 on Monday. Five Below, Inc. has a 52 week low of $109.49 and a 52 week high of $212.56. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 50.21, a PEG ratio of 1.93 and a beta of 1.15. The business has a fifty day simple moving average of $193.71 and a 200-day simple moving average of $164.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FIVE. William Blair started coverage on Five Below in a research note on Wednesday, December 7th. They set an “outperform” rating on the stock. Guggenheim upped their target price on Five Below from $200.00 to $210.00 in a report on Wednesday, January 11th. KeyCorp lifted their price target on Five Below from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Five Below from $205.00 to $201.00 in a research report on Friday, December 2nd. Finally, UBS Group lifted their target price on shares of Five Below from $165.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.13.

Insiders Place Their Bets

In other news, CMO Michael Romanko sold 3,750 shares of Five Below stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $191.50, for a total value of $718,125.00. Following the transaction, the chief marketing officer now directly owns 8,901 shares of the company’s stock, valued at approximately $1,704,541.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.

Five Below Company Profile

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.