Retirement Systems of Alabama Raises Stock Holdings in Five Below, Inc. (NASDAQ:FIVE)

Retirement Systems of Alabama grew its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 101,143 shares of the specialty retailer’s stock after buying an additional 241 shares during the quarter. Retirement Systems of Alabama’s holdings in Five Below were worth $21,560,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FIVE. Handelsbanken Fonder AB grew its holdings in shares of Five Below by 11.5% in the third quarter. Handelsbanken Fonder AB now owns 9,709 shares of the specialty retailer’s stock worth $1,562,000 after acquiring an additional 1,000 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Five Below by 16.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,647 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 665 shares during the last quarter. Groesbeck Investment Management Corp NJ increased its position in shares of Five Below by 6.0% during the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 5,275 shares of the specialty retailer’s stock valued at $849,000 after purchasing an additional 300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Five Below by 22.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,210 shares of the specialty retailer’s stock worth $1,804,000 after purchasing an additional 2,033 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Five Below by 10.5% in the third quarter. Strs Ohio now owns 6,930 shares of the specialty retailer’s stock worth $1,115,000 after buying an additional 659 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FIVE. Wells Fargo & Company raised shares of Five Below from an “equal weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered Five Below from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $215.00 to $170.00 in a research note on Tuesday, April 23rd. Evercore ISI lowered their target price on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Gordon Haskett lowered Five Below from a “buy” rating to an “accumulate” rating and cut their price target for the company from $210.00 to $200.00 in a report on Wednesday, April 3rd. Finally, Telsey Advisory Group decreased their price objective on Five Below from $230.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.33.

Five Below Trading Down 1.9 %

NASDAQ FIVE opened at $147.22 on Tuesday. Five Below, Inc. has a 12 month low of $144.57 and a 12 month high of $216.18. The stock has a market cap of $8.13 billion, a PE ratio of 27.16, a P/E/G ratio of 1.20 and a beta of 1.19. The stock’s 50 day moving average is $179.51 and its 200 day moving average is $185.36.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.35 billion. During the same quarter in the previous year, the business earned $3.07 EPS. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts forecast that Five Below, Inc. will post 6.05 EPS for the current fiscal year.

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.