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

Retirement Systems of Alabama increased its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,008 shares of the specialty retailer’s stock after purchasing an additional 2,865 shares during the period. Retirement Systems of Alabama owned about 0.19% of Five Below worth $18,865,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AGF Management Ltd. acquired a new stake in Five Below during the fourth quarter worth $3,192,000. International Assets Investment Management LLC acquired a new stake in shares of Five Below during the 4th quarter valued at about $3,726,000. Charles Schwab Investment Management Inc. increased its stake in Five Below by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock valued at $86,260,000 after acquiring an additional 11,073 shares during the period. Desjardins Global Asset Management Inc. acquired a new position in Five Below in the fourth quarter worth about $2,783,000. Finally, Bridgefront Capital LLC lifted its stake in Five Below by 379.0% during the fourth quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock worth $1,699,000 after purchasing an additional 6,306 shares during the period.

Five Below Price Performance

Shares of NASDAQ FIVE traded down $2.30 during mid-day trading on Friday, hitting $106.17. The company’s stock had a trading volume of 1,009,847 shares, compared to its average volume of 1,075,155. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The company’s fifty day simple moving average is $128.15 and its 200-day simple moving average is $166.45. Five Below, Inc. has a one year low of $104.80 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. Five Below’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, sell-side analysts predict that Five Below, Inc. will post 5.2 EPS for the current year.

Analysts Set New Price Targets

FIVE has been the topic of several analyst reports. Evercore ISI lowered their price objective on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Barclays cut their price objective on Five Below from $214.00 to $176.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Mizuho cut their price target on shares of Five Below from $215.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, June 6th. UBS Group reduced their price target on shares of Five Below from $245.00 to $223.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Morgan Stanley dropped their price objective on shares of Five Below from $210.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.50.

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.