Alliancebernstein L.P. Purchases 470,150 Shares of Five Below, Inc. (NASDAQ:FIVE)

Alliancebernstein L.P. raised its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 487.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 566,695 shares of the specialty retailer's stock after buying an additional 470,150 shares during the quarter. Alliancebernstein L.P. owned about 1.03% of Five Below worth $59,480,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FIVE. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Five Below by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the specialty retailer's stock valued at $1,207,000 after purchasing an additional 1,981 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Five Below by 1.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,026 shares of the specialty retailer's stock valued at $12,460,000 after buying an additional 1,738 shares in the last quarter. Quarry LP raised its holdings in Five Below by 1,187.3% during the third quarter. Quarry LP now owns 1,828 shares of the specialty retailer's stock valued at $162,000 after buying an additional 1,686 shares in the last quarter. Quantinno Capital Management LP bought a new position in Five Below during the third quarter valued at about $465,000. Finally, Quadrature Capital Ltd bought a new position in shares of Five Below in the third quarter worth about $3,192,000.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

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Analysts Set New Price Targets

FIVE has been the topic of several research reports. Morgan Stanley restated an "equal weight" rating on shares of Five Below in a research note on Thursday, March 20th. UBS Group dropped their target price on shares of Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Guggenheim dropped their target price on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Mizuho lowered their price objective on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Telsey Advisory Group reduced their target price on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $97.95.

Five Below Price Performance

NASDAQ:FIVE traded down $2.05 during mid-day trading on Thursday, reaching $60.61. The stock had a trading volume of 788,060 shares, compared to its average volume of 1,902,791. The stock has a 50-day simple moving average of $80.09 and a two-hundred day simple moving average of $90.36. The stock has a market capitalization of $3.34 billion, a PE ratio of 12.51, a P/E/G ratio of 1.19 and a beta of 1.01. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $163.32.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the firm posted $3.65 earnings per share. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts expect 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.