Alpha DNA Investment Management LLC Acquires Shares of 4,826 Five Below, Inc. (NASDAQ:FIVE)

Alpha DNA Investment Management LLC acquired a new position in Five Below, Inc. (NASDAQ:FIVE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,826 shares of the specialty retailer's stock, valued at approximately $507,000.

A number of other hedge funds have also recently added to or reduced their stakes in FIVE. Raymond James Financial Inc. acquired a new stake in Five Below in the fourth quarter worth about $8,489,000. Retirement Systems of Alabama raised its holdings in Five Below by 47.2% in the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer's stock worth $13,371,000 after purchasing an additional 48,524 shares during the period. Gateway Investment Advisers LLC lifted its holdings in Five Below by 691.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock worth $2,655,000 after acquiring an additional 22,102 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Five Below by 236.1% during the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer's stock valued at $1,201,000 after purchasing an additional 8,035 shares in the last quarter. Finally, KBC Group NV raised its holdings in Five Below by 30.4% during the 4th quarter. KBC Group NV now owns 2,126 shares of the specialty retailer's stock worth $223,000 after buying an additional 496 shares during the period.

Five Below Price Performance

NASDAQ FIVE traded up $0.56 during trading hours on Monday, reaching $68.07. The company's stock had a trading volume of 2,930,140 shares, compared to its average volume of 1,952,555. The firm has a fifty day simple moving average of $76.10 and a 200-day simple moving average of $89.01. The stock has a market cap of $3.75 billion, a P/E ratio of 14.04, a P/E/G ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 52 week low of $52.38 and a 52 week high of $151.95.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.65 EPS. On average, research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on FIVE. Barclays reduced their price target on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Guggenheim dropped their price objective on Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Bank of America lowered their price target on Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on shares of Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Truist Financial decreased their target price on Five Below from $86.00 to $65.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $94.30.

Insider Buying and Selling at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company's stock.

Five Below Company 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.