Tudor Investment Corp Et Al Cuts Holdings in Five Below, Inc. (NASDAQ:FIVE)

Posted by Defense World Staff on Mar 7th, 2023

Tudor Investment Corp Et Al decreased its position in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 93.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,460 shares of the specialty retailer’s stock after selling 45,850 shares during the period. Tudor Investment Corp Et Al’s holdings in Five Below were worth $476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIVE. Private Trust Co. NA purchased a new position in Five Below in the second quarter valued at $28,000. Canada Pension Plan Investment Board increased its holdings in Five Below by 93.0% in the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 93 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in Five Below in the third quarter valued at $63,000. Bessemer Group Inc. increased its holdings in Five Below by 51.6% in the third quarter. Bessemer Group Inc. now owns 476 shares of the specialty retailer’s stock valued at $65,000 after buying an additional 162 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Five Below by 108.6% in the first quarter. Covestor Ltd now owns 582 shares of the specialty retailer’s stock valued at $92,000 after buying an additional 303 shares in the last quarter.

Analysts Set New Price Targets

FIVE has been the topic of several research analyst reports. Craig Hallum lifted their target price on shares of Five Below from $178.00 to $200.00 in a research report on Thursday, December 1st. Roth Mkm upgraded shares of Five Below from a “neutral” rating to a “buy” rating and lifted their target price for the company from $180.00 to $240.00 in a research report on Monday, February 13th. William Blair initiated coverage on shares of Five Below in a research report on Wednesday, December 7th. They issued an “outperform” rating on the stock. Truist Financial lifted their target price on shares of Five Below from $196.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Finally, Telsey Advisory Group lifted their target price on shares of Five Below to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.13.

Insider Activity

In other news, CMO Michael Romanko sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total value of $718,125.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Five Below Price Performance

NASDAQ:FIVE opened at $203.30 on Tuesday. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 1.93 and a beta of 1.15. The company’s 50-day moving average is $194.28 and its two-hundred day moving average is $164.88. Five Below, Inc. has a 1-year low of $109.49 and a 1-year high of $212.56.

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.