Could Five Below, Inc. (FIVE) Go Down After Reaching 52-Week High?

June 13, 2018 - By Robert Sims

Five Below, Inc. (NASDAQ:FIVE) Logo

Investors sentiment increased to 1.31 in 2018 Q1. Its up 0.26, from 1.05 in 2017Q4. It increased, as 28 investors sold Five Below, Inc. shares while 91 reduced holdings. 62 funds opened positions while 94 raised stakes. 58.32 million shares or 1.67% more from 57.36 million shares in 2017Q4 were reported.
Everence Capital Mngmt has invested 0.06% of its portfolio in Five Below, Inc. (NASDAQ:FIVE). Advent International Ma stated it has 0.59% of its portfolio in Five Below, Inc. (NASDAQ:FIVE). State Of Alaska Department Of Revenue has invested 0.03% in Five Below, Inc. (NASDAQ:FIVE). Piedmont Inv Advisors Ltd Liability Corporation holds 11,806 shares. San Francisco Sentry Inv (Ca) holds 0% or 34 shares. Northwestern Mutual Wealth Mngmt Communication accumulated 12 shares. Veritable L P reported 0% in Five Below, Inc. (NASDAQ:FIVE). Oak Ridge Ltd Limited Liability Company has 1.54% invested in Five Below, Inc. (NASDAQ:FIVE). Ameriprise Fin Inc owns 1.16M shares for 0.04% of their portfolio. Wasatch Advsr has 2.35% invested in Five Below, Inc. (NASDAQ:FIVE). Kennedy Mngmt reported 62,935 shares stake. Nomura Hldgs holds 12,962 shares. Lord Abbett And Ltd Liability owns 202,540 shares for 0.04% of their portfolio. Ftb Advsr has 0.01% invested in Five Below, Inc. (NASDAQ:FIVE). Brighton Jones Ltd Liability Com holds 9,856 shares or 0.1% of its portfolio.

Since December 14, 2017, it had 0 buys, and 1 sale for $480,538 activity. SPECTER ERIC M also sold $1.01 million worth of Five Below, Inc. (NASDAQ:FIVE) on Thursday, December 14.

The stock of Five Below, Inc. (NASDAQ:FIVE) hit a new 52-week high and has $111.50 target or 8.00 % above today’s $103.24 share price. The 9 months bullish chart indicates low risk for the $5.74B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $111.50 price target is reached, the company will be worth $459.44 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.32% or $1.35 during the last trading session, reaching $103.24. About 383,354 shares traded. Five Below, Inc. (NASDAQ:FIVE) has risen 36.80% since June 13, 2017 and is uptrending. It has outperformed by 24.23% the S&P500.

Five Below, Inc. (NASDAQ:FIVE) Ratings Coverage

Among 13 analysts covering Five Below Inc (NASDAQ:FIVE), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Five Below Inc has $117 highest and $58.0 lowest target. $94.25’s average target is -8.71% below currents $103.24 stock price. Five Below Inc had 18 analyst reports since December 27, 2017 according to SRatingsIntel. Guggenheim maintained Five Below, Inc. (NASDAQ:FIVE) on Thursday, March 22 with “Buy” rating. Citigroup maintained the stock with “Buy” rating in Friday, June 8 report. Deutsche Bank maintained Five Below, Inc. (NASDAQ:FIVE) on Friday, May 25 with “Buy” rating. As per Friday, March 23, the company rating was maintained by Loop Capital. The company was maintained on Thursday, June 7 by Deutsche Bank. Credit Suisse maintained Five Below, Inc. (NASDAQ:FIVE) on Thursday, June 7 with “Outperform” rating. The rating was maintained by M Partners on Tuesday, February 20 with “Buy”. The company was upgraded on Wednesday, January 31 by Gordon Haskett. As per Thursday, June 7, the company rating was maintained by Buckingham Research. The stock of Five Below, Inc. (NASDAQ:FIVE) earned “Outperform” rating by Wells Fargo on Thursday, June 7.

More notable recent Five Below, Inc. (NASDAQ:FIVE) news were published by: Nasdaq.com which released: “What Happened in the Stock Market Today” on June 07, 2018, also Investorplace.com with their article: “5 Top Stock Trades for Friday Morning” published on June 07, 2018, 247Wallst.com published: “Why Five Below Is One of Thursday’s Big Earnings Winners” on June 07, 2018. More interesting news about Five Below, Inc. (NASDAQ:FIVE) were released by: Nasdaq.com and their article: “Five Below, Inc. Announces First Quarter Fiscal 2018 Financial Results” published on June 06, 2018 as well as Fool.com‘s news article titled: “This News Sent Five Below to Record Highs” with publication date: June 06, 2018.

Five Below, Inc. operates as a specialty value retailer in the United States. The company has market cap of $5.74 billion. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, pillows, candles, incense, and related items, as well as provides storage options for the customerÂ’s room and locker. It has a 49.7 P/E ratio. The firm also provides sport balls; team sports merchandise and fitness accessories, such as hand weights, jump ropes, and gym balls; games, including name brand board games, puzzles, toys, and plush items; and pool, beach and outdoor toys, games, and accessories.

Five Below, Inc. (NASDAQ:FIVE) Institutional Positions Chart

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