Macquarie Group Ltd. trimmed its stake in shares of Five Below Inc (NASDAQ:FIVE) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 638,049 shares of the specialty retailer’s stock after selling 108,263 shares during the quarter. Macquarie Group Ltd. owned 1.16% of Five Below worth $42,315,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in Five Below during the fourth quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Five Below by 53.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 943 shares in the last quarter. M&T Bank Corp acquired a new stake in Five Below during the fourth quarter valued at approximately $211,000. Wedbush Securities Inc. acquired a new stake in Five Below during the fourth quarter valued at approximately $214,000. Finally, MML Investors Services LLC acquired a new stake in Five Below during the fourth quarter valued at approximately $238,000.
Five Below Inc (FIVE) opened at $69.05 on Tuesday. The company has a market capitalization of $3,809.01, a P/E ratio of 45.07, a PEG ratio of 0.99 and a beta of 0.62. Five Below Inc has a 1-year low of $37.85 and a 1-year high of $73.55.
A number of equities research analysts have weighed in on the company. BidaskClub downgraded Five Below from a “strong-buy” rating to a “buy” rating in a report on Monday, March 12th. Zacks Investment Research downgraded Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. MKM Partners lifted their price objective on Five Below from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Gordon Haskett raised Five Below from a “hold” rating to an “accumulate” rating in a report on Wednesday, January 31st. Finally, Dougherty & Co boosted their target price on Five Below from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Five Below currently has an average rating of “Hold” and a consensus target price of $64.97.
COPYRIGHT VIOLATION WARNING: “Macquarie Group Ltd. Sells 108,263 Shares of Five Below Inc (FIVE)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2018/03/20/macquarie-group-ltd-sells-108263-shares-of-five-below-inc-five.html.
About Five Below
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below Inc (NASDAQ:FIVE).
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.