Retirement Systems of Alabama Sells 84,461 Shares of Five Below, Inc. (NASDAQ:FIVE)

Retirement Systems of Alabama reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 55.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,883 shares of the specialty retailer's stock after selling 84,461 shares during the quarter. Retirement Systems of Alabama owned about 0.12% of Five Below worth $7,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC raised its stake in shares of Five Below by 0.7% during the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock worth $1,666,000 after buying an additional 111 shares during the last quarter. UMB Bank n.a. grew its holdings in 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. Paladin Wealth LLC bought a new stake in shares of Five Below during the 3rd quarter valued at $26,000. KBC Group NV lifted its stake in shares of Five Below by 23.7% in the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer's stock valued at $144,000 after purchasing an additional 312 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Five Below in the 3rd quarter worth $30,000.

Five Below Stock Performance

FIVE traded up $2.49 on Thursday, hitting $90.17. 1,316,862 shares of the company were exchanged, compared to its average volume of 1,714,771. The stock's fifty day moving average is $99.63 and its 200-day moving average is $90.90. The company has a market cap of $4.96 billion, a PE ratio of 18.59, a PEG ratio of 1.26 and a beta of 1.12. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $212.01.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm's revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FIVE. Guggenheim increased their target price on Five Below from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Truist Financial increased their price target on shares of Five Below from $88.00 to $118.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Citigroup lifted their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. William Blair reaffirmed a "market perform" rating on shares of Five Below in a research note on Monday, December 2nd. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $115.00 price target on shares of Five Below in a research report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Five Below currently has a consensus rating of "Hold" and an average price target of $111.32.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm'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 owns 57,267 shares of the company's stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

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.