Five Below, Inc. (NASDAQ:FIVE) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in Five Below, Inc. (NASDAQ:FIVE) by 55.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,883 shares of the specialty retailer’s stock after selling 84,461 shares during the quarter. Retirement Systems of Alabama’s holdings in Five Below were worth $7,020,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Five Below during the 3rd quarter worth approximately $501,000. Paladin Wealth LLC acquired a new position in Five Below during the third quarter worth $26,000. Creative Planning raised its position in Five Below by 69.2% during the third quarter. Creative Planning now owns 9,109 shares of the specialty retailer’s stock worth $805,000 after acquiring an additional 3,724 shares during the period. Trust Point Inc. lifted its holdings in Five Below by 17.2% during the third quarter. Trust Point Inc. now owns 12,653 shares of the specialty retailer’s stock valued at $1,118,000 after purchasing an additional 1,856 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Five Below by 318,361.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after purchasing an additional 108,243 shares during the period.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVE has been the subject of several research reports. Craig Hallum boosted their price objective on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. William Blair reissued a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Wells Fargo & Company raised their price objective on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $111.32.

Five Below Trading Down 4.1 %

Shares of NASDAQ:FIVE opened at $90.07 on Monday. The company has a 50 day moving average of $100.96 and a 200-day moving average of $90.68. The firm has a market cap of $4.95 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.26 and a beta of 1.12. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. Equities research analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Five Below Profile

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.