Chemistry Wealth Management LLC Has $472,000 Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Chemistry Wealth Management LLC grew its stake in Five Below, Inc. (NASDAQ:FIVE) by 43.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,498 shares of the specialty retailer’s stock after buying an additional 1,359 shares during the period. Chemistry Wealth Management LLC’s holdings in Five Below were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after buying an additional 31,520 shares during the period. Geode Capital Management LLC increased its stake in shares of Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after buying an additional 11,504 shares during the period. Point72 Asset Management L.P. grew its stake in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares during the period. Atreides Management LP acquired a new stake in Five Below during the third quarter worth approximately $68,649,000. Finally, Two Sigma Advisers LP acquired a new stake in Five Below during the third quarter worth approximately $64,981,000.

Analyst Upgrades and Downgrades

FIVE has been the subject of several recent analyst reports. Guggenheim raised their target price on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Melius Research initiated coverage on Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 target price for the company. Loop Capital raised their target price on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Mizuho raised their target price on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.75.

Five Below Stock Down 2.4 %

FIVE stock opened at $90.64 on Friday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01. The stock’s 50 day moving average is $98.94 and its 200-day moving average is $90.76. The firm has a market capitalization of $4.99 billion, a PE ratio of 18.69, a P/E/G ratio of 0.96 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last issued its quarterly 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 business had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. On average, equities research analysts anticipate that Five Below, Inc. will post 4.92 earnings per share for the current fiscal year.

About Five Below

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.