Retirement Systems of Alabama Has $13.37 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Retirement Systems of Alabama boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 47.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,344 shares of the specialty retailer's stock after purchasing an additional 48,524 shares during the quarter. Retirement Systems of Alabama owned approximately 0.28% of Five Below worth $13,371,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Five Below by 41.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock valued at $54,272,000 after purchasing an additional 180,902 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Five Below during the 3rd quarter worth about $3,282,000. Janney Montgomery Scott LLC raised its position in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer's stock worth $1,927,000 after buying an additional 9,188 shares in the last quarter. Algert Global LLC lifted its stake in shares of Five Below by 364.2% in the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer's stock worth $2,282,000 after acquiring an additional 20,266 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Five Below by 1,379.0% in the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer's stock valued at $1,491,000 after acquiring an additional 15,734 shares in the last quarter.

Five Below Stock Performance

Shares of NASDAQ FIVE traded up $1.05 during mid-day trading on Monday, reaching $105.00. 1,573,678 shares of the company traded hands, compared to its average volume of 1,525,013. The company's fifty day moving average is $93.81 and its two-hundred day moving average is $93.04. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The stock has a market cap of $5.78 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Research analysts forecast that Five Below, Inc. will post 4.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of research analyst reports. Barclays upped their target price on Five Below from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Melius Research started coverage on shares of Five Below in a research report on Monday, September 23rd. They set a "hold" rating and a $100.00 price objective for the company. Mizuho boosted their price objective on Five Below from $90.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. StockNews.com lowered shares of Five Below from a "hold" rating to a "sell" rating in a report on Friday. Finally, William Blair reiterated a "market perform" rating on shares of Five Below in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $116.15.

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.