Wealth Alliance Makes New Investment in Five Below, Inc. (NASDAQ:FIVE)

Wealth Alliance acquired a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,107 shares of the specialty retailer’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Five Below by 1.9% in the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares during the period. Geode Capital Management LLC raised its holdings in Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Atreides Management LP purchased a new position in Five Below during the third quarter valued at $68,649,000. Two Sigma Advisers LP bought a new stake in shares of Five Below during the 3rd quarter valued at $64,981,000. Finally, Stephens Investment Management Group LLC grew its position in shares of Five Below by 39.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 618,372 shares of the specialty retailer’s stock worth $64,904,000 after buying an additional 175,131 shares during the period.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were 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 represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIVE. Bank of America cut shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 target price on shares of Five Below in a report on Tuesday, January 14th. Morgan Stanley boosted their price target on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Truist Financial raised their price objective on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Citigroup boosted their target price on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $111.32.

Five Below Trading Down 3.6 %

Shares of FIVE stock opened at $85.92 on Friday. Five Below, Inc. has a 12-month low of $64.87 and a 12-month high of $212.01. The stock has a market capitalization of $4.73 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.19 and a beta of 1.12. The firm’s 50 day moving average is $97.38 and its 200 day moving average is $91.89.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same period in the prior year, the firm earned $0.26 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. As a group, equities analysts predict that Five Below, Inc. will post 4.93 earnings per share 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.