Five Below, Inc. (NASDAQ:FIVE) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. grew its position in Five Below, Inc. (NASDAQ:FIVE) by 487.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 566,695 shares of the specialty retailer’s stock after acquiring an additional 470,150 shares during the quarter. Alliancebernstein L.P. owned approximately 1.03% of Five Below worth $59,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Five Below by 17.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the specialty retailer’s stock worth $1,207,000 after purchasing an additional 1,981 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Five Below by 1.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,026 shares of the specialty retailer’s stock worth $12,460,000 after acquiring an additional 1,738 shares during the period. Quarry LP lifted its holdings in Five Below by 1,187.3% in the third quarter. Quarry LP now owns 1,828 shares of the specialty retailer’s stock worth $162,000 after acquiring an additional 1,686 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Five Below in the third quarter valued at approximately $465,000. Finally, Quadrature Capital Ltd acquired a new position in Five Below in the third quarter valued at approximately $3,192,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIVE. The Goldman Sachs Group cut their price target on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Guggenheim reduced their price target on shares of Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 21st. Mizuho dropped their price objective on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. UBS Group reduced their target price on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Finally, Truist Financial dropped their price target on shares of Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Five Below presently has an average rating of “Hold” and an average price target of $101.42.

Insider Buying and Selling

In other news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction that occurred on 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 approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Five Below Trading Down 3.5 %

Shares of NASDAQ FIVE opened at $56.77 on Friday. Five Below, Inc. has a twelve month low of $52.38 and a twelve month high of $165.67. The firm has a 50-day moving average of $83.68 and a two-hundred day moving average of $91.71. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.65 earnings per share. As a group, research analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

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.