Alpha DNA Investment Management LLC Buys New Shares in Five Below, Inc. (NASDAQ:FIVE)

Alpha DNA Investment Management LLC purchased a new position in shares of Five Below, Inc. (NASDAQ:FIVE) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,826 shares of the specialty retailer’s stock, valued at approximately $507,000.

A number of other hedge funds also recently bought and sold shares of the stock. Marshall Wace LLP grew its holdings in Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after acquiring an additional 1,072,642 shares in the last quarter. Norges Bank acquired a new position in shares of Five Below during the fourth quarter worth $66,933,000. Alliancebernstein L.P. grew its stake in shares of Five Below by 487.0% during the fourth quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer’s stock worth $59,480,000 after purchasing an additional 470,150 shares in the last quarter. American Century Companies Inc. raised its stake in Five Below by 869.2% in the fourth quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer’s stock valued at $20,747,000 after buying an additional 177,269 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Five Below by 39.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 618,372 shares of the specialty retailer’s stock valued at $64,904,000 after buying an additional 175,131 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FIVE. DA Davidson dropped their price objective on Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Truist Financial cut their target price on Five Below from $86.00 to $65.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. UBS Group decreased their target price on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, Evercore ISI cut their price target on Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Five Below currently has a consensus rating of “Hold” and an average target price of $94.30.

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Five Below Price Performance

Five Below stock opened at $67.41 on Friday. The stock’s 50 day moving average price is $76.53 and its 200 day moving average price is $89.17. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $154.47. The company has a market cap of $3.71 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion for 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 revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.65 EPS. On average, equities research analysts anticipate that Five Below, Inc. will post 4.93 EPS for the current fiscal year.

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.