Retirement Systems of Alabama Purchases 2,865 Shares of Five Below, Inc. (NASDAQ:FIVE)

Retirement Systems of Alabama increased its holdings in shares of Five Below, Inc. (NASDAQ:FIVEFree Report) by 2.8% in the 1st quarter, HoldingsChannel reports. The firm owned 104,008 shares of the specialty retailer’s stock after acquiring an additional 2,865 shares during the period. Retirement Systems of Alabama’s holdings in Five Below were worth $18,865,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its stake in Five Below by 18.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,255 shares of the specialty retailer’s stock worth $202,000 after buying an additional 191 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Five Below by 10.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 419,605 shares of the specialty retailer’s stock worth $67,514,000 after purchasing an additional 40,363 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in Five Below by 233.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 100,000 shares of the specialty retailer’s stock valued at $16,090,000 after purchasing an additional 70,000 shares during the period. Sei Investments Co. increased its stake in Five Below by 21.2% during the 3rd quarter. Sei Investments Co. now owns 258,506 shares of the specialty retailer’s stock valued at $41,594,000 after purchasing an additional 45,303 shares in the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in Five Below during the third quarter worth $17,929,000.

Five Below Trading Down 2.1 %

Shares of FIVE stock traded down $2.30 during trading hours on Friday, hitting $106.17. 1,009,847 shares of the company were exchanged, compared to its average volume of 1,075,155. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.25 and a beta of 1.19. The firm has a fifty day simple moving average of $128.15 and a 200 day simple moving average of $166.45. Five Below, Inc. has a 52-week low of $104.80 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVEGet Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. Five Below’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company posted $0.67 earnings per share. Sell-side analysts anticipate that Five Below, Inc. will post 5.2 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on FIVE. Wells Fargo & Company decreased their target price on shares of Five Below from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Craig Hallum lowered their price objective on Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Evercore ISI cut their target price on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Barclays lowered their price target on Five Below from $214.00 to $176.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. cut Five Below from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $215.00 to $170.00 in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.50.

View Our Latest Analysis on FIVE

Five Below Profile

(Free Report)

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 d├ęcor, accent furniture, and related items, as well as provides storage options.

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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