Alberta Investment Management Corp Acquires 43,935 Shares of Five Below, Inc. (NASDAQ:FIVE)

Alberta Investment Management Corp boosted its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 340.2% in the 4th quarter, Holdings Channel reports. The firm owned 56,851 shares of the specialty retailer’s stock after buying an additional 43,935 shares during the period. Alberta Investment Management Corp’s holdings in Five Below were worth $5,967,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FIVE. Creative Planning lifted its stake in shares of Five Below by 69.2% in the 3rd quarter. Creative Planning now owns 9,109 shares of the specialty retailer’s stock valued at $805,000 after acquiring an additional 3,724 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Five Below by 318,361.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after acquiring an additional 108,243 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Five Below by 8.0% in the 3rd quarter. Signaturefd LLC now owns 13,103 shares of the specialty retailer’s stock valued at $1,158,000 after acquiring an additional 970 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Five Below by 20.8% in the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 395 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Five Below by 1,379.0% in the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after acquiring an additional 15,734 shares during the last quarter.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below 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 transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $91.78 on Thursday. Five Below, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.19 and a beta of 1.12. The firm’s 50-day simple moving average is $98.03 and its 200 day simple moving average is $91.60.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho increased their price target on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Barclays increased their price objective on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Loop Capital increased their price objective on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Finally, Truist Financial increased their price objective on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.32.

Five Below Company 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.