Retirement Systems of Alabama Increases Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Retirement Systems of Alabama boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 47.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 151,344 shares of the specialty retailer’s stock after acquiring an additional 48,524 shares during the quarter. Retirement Systems of Alabama’s holdings in Five Below were worth $13,371,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Paladin Wealth LLC purchased a new position in Five Below during the third quarter worth about $26,000. Brooklyn Investment Group purchased a new position in Five Below during the third quarter worth about $30,000. Hobbs Group Advisors LLC acquired a new stake in shares of Five Below during the second quarter worth about $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Five Below during the second quarter worth about $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Five Below during the third quarter worth about $42,000.

Five Below Stock Up 0.2 %

Shares of Five Below stock opened at $103.95 on Monday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a 52 week low of $64.87 and a 52 week high of $216.18. The firm’s 50 day moving average is $93.55 and its two-hundred day moving average is $93.25.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) 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 analyst estimates of $801.48 million. 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 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. As a group, research analysts expect that Five Below, Inc. will post 4.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

FIVE has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Evercore ISI increased their price target on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Truist Financial increased their price target on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Loop Capital increased their price target on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $116.15.

About Five Below

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.