Alterity Financial Group LLC Invests $238,000 in Five Below, Inc. (NASDAQ:FIVE)

Alterity Financial Group LLC bought a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,117 shares of the specialty retailer’s stock, valued at approximately $238,000.

A number of other hedge funds have also modified their holdings of FIVE. Sunbelt Securities Inc. raised its position in shares of Five Below by 76.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 58 shares during the period. Silvercrest Asset Management Group LLC raised its position in Five Below by 0.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 9,777 shares of the specialty retailer’s stock valued at $2,014,000 after purchasing an additional 58 shares in the last quarter. Park Place Capital Corp lifted its stake in Five Below by 11.5% in the third quarter. Park Place Capital Corp now owns 641 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 66 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Five Below by 2.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,103 shares of the specialty retailer’s stock valued at $499,000 after acquiring an additional 67 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Five Below by 2.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,270 shares of the specialty retailer’s stock valued at $526,000 after acquiring an additional 71 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup boosted their target price on shares of Five Below from $220.00 to $227.00 and gave the company a “buy” rating in a research note on Thursday, November 30th. Morgan Stanley reduced their price objective on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Wells Fargo & Company lowered their price target on shares of Five Below from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday, March 21st. UBS Group cut their target price on Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, Barclays dropped their target price on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Five Below presently has an average rating of “Moderate Buy” and a consensus target price of $213.88.

Five Below Stock Performance

NASDAQ FIVE opened at $181.38 on Friday. The firm’s 50 day moving average price is $191.85 and its two-hundred day moving average price is $184.98. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.47 and a beta of 1.21. Five Below, Inc. has a twelve month low of $144.57 and a twelve month high of $220.19.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business earned $3.07 EPS. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, research analysts forecast that Five Below, Inc. will post 6.06 EPS for the current fiscal year.

Insider Activity at Five Below

In other Five Below news, Director Thomas Vellios sold 10,000 shares of Five Below stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.82, for a total value of $1,858,200.00. Following the completion of the sale, the director now directly owns 333,697 shares in the company, valued at $62,007,576.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company 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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.