Retirement Systems of Alabama Grows Position in Five Below, Inc. (NASDAQ:FIVE)

Retirement Systems of Alabama boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 47.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,344 shares of the specialty retailer’s stock after purchasing an additional 48,524 shares during the period. Retirement Systems of Alabama owned approximately 0.28% of Five Below worth $13,371,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Paladin Wealth LLC purchased a new stake in Five Below during the 3rd quarter worth approximately $26,000. Brooklyn Investment Group purchased a new stake in Five Below during the 3rd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the 3rd quarter worth approximately $42,000. Hobbs Group Advisors LLC purchased a new stake in Five Below during the 2nd quarter worth approximately $44,000. Finally, Partnership Wealth Management LLC lifted its stake in Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the period.

Five Below Stock Up 0.2 %

Five Below stock opened at $103.95 on Monday. Five Below, Inc. has a 52-week low of $64.87 and a 52-week high of $216.18. The company has a fifty day simple moving average of $93.55 and a 200-day simple moving average of $93.25. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Five Below’s quarterly revenue was up 14.6% on a year-over-year basis. On average, research analysts anticipate that Five Below, Inc. will post 4.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIVE. The Goldman Sachs Group lifted their price objective on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup lifted their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Mizuho lifted their price objective on shares of Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Evercore ISI lifted their price objective on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Five Below currently has an average rating of “Hold” and a consensus target price of $116.15.

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.