Wealth Alliance Buys New Shares in Five Below, Inc. (NASDAQ:FIVE)

Wealth Alliance purchased a new stake in shares of Five Below, Inc. (NASDAQ:FIVE) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,107 shares of the specialty retailer’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after acquiring an additional 180,902 shares during the period. National Bank of Canada FI lifted its holdings in Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after purchasing an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Five Below in the third quarter worth approximately $3,282,000. Algert Global LLC increased its stake in shares of Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after purchasing an additional 9,188 shares during the period.

Five Below Trading Down 3.6 %

FIVE opened at $85.92 on Friday. The stock has a 50-day moving average of $97.38 and a 200 day moving average of $91.89. Five Below, Inc. has a 12 month low of $64.87 and a 12 month high of $212.01. The firm has a market cap of $4.73 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.19 and a beta of 1.12.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. On average, research analysts forecast that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FIVE. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. The Goldman Sachs Group upped their price objective on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 target price on shares of Five Below in a research report on Tuesday, January 14th. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Finally, Morgan Stanley increased their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.32.

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.