26,230 Shares in Five Below, Inc. (NASDAQ:FIVE) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in Five Below, Inc. (NASDAQ:FIVE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 26,230 shares of the specialty retailer's stock, valued at approximately $2,753,000.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Five Below in the 3rd quarter valued at approximately $30,000. Proficio Capital Partners LLC bought a new stake in shares of Five Below in the 4th quarter valued at approximately $31,000. UMB Bank n.a. increased its holdings in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below in the 3rd quarter valued at approximately $42,000. Finally, R Squared Ltd bought a new stake in shares of Five Below in the 4th quarter valued at approximately $68,000.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company's stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.90% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $115.00 price target on shares of Five Below in a report on Tuesday, January 14th. The Goldman Sachs Group upped their price objective on Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Craig Hallum upped 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. Barclays upped their price objective on Five Below from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Finally, Loop Capital upped their price objective on Five Below from $90.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $111.32.

Five Below Price Performance

Shares of Five Below stock traded down $3.72 during trading on Friday, hitting $82.04. The stock had a trading volume of 2,566,317 shares, compared to its average volume of 1,640,982. The firm has a market cap of $4.51 billion, a P/E ratio of 16.92, a PEG ratio of 1.19 and a beta of 1.11. The business has a fifty day moving average of $93.11 and a two-hundred day moving average of $92.95. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $209.79.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during 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%. The company's revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. As a group, research analysts forecast that Five Below, Inc. will post 4.93 earnings per share 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.