Alberta Investment Management Corp grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 340.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,851 shares of the specialty retailer's stock after purchasing an additional 43,935 shares during the quarter. Alberta Investment Management Corp owned about 0.10% of Five Below worth $5,967,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Five Below during the 3rd quarter worth approximately $30,000. UMB Bank n.a. boosted its stake in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 204 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below during the 3rd quarter worth approximately $42,000. R Squared Ltd bought a new position in shares of Five Below during the 4th quarter worth approximately $68,000. Finally, GAMMA Investing LLC boosted its stake in shares of Five Below by 149.1% during the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer's stock worth $143,000 after acquiring an additional 814 shares during the period.
Insider Transactions at Five Below
In other news, CAO Eric M. Specter sold 5,494 shares of the business'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 transaction, the chief accounting officer now owns 57,267 shares of the company's stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.
Five Below Trading Down 3.5 %
NASDAQ FIVE traded down $3.09 during midday trading on Friday, hitting $86.07. The company had a trading volume of 590,815 shares, compared to its average volume of 1,660,687. The company has a market capitalization of $4.73 billion, a PE ratio of 17.66, a P/E/G ratio of 1.23 and a beta of 1.12. The firm has a 50-day moving average price of $97.74 and a 200-day moving average price of $91.58. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $212.01.
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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. During the same period in the previous year, the firm earned $0.26 EPS. The company's quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current year.
Analyst Upgrades and Downgrades
FIVE has been the subject of several research analyst reports. Citigroup lifted their target price on Five Below from $85.00 to $96.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. Morgan Stanley lifted their target price on Five Below from $100.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. The Goldman Sachs Group lifted their target price on Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Guggenheim lifted 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. Finally, Wells Fargo & Company lifted 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Five Below presently has a consensus rating of "Hold" and an average price target of $111.32.
Check Out Our Latest Research Report on Five Below
Five Below Profile
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Free Report)
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.
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