Wealth Alliance Purchases 75 Shares of Five Below, Inc. (NASDAQ:FIVE)

Wealth Alliance grew its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,090 shares of the specialty retailer’s stock after purchasing an additional 75 shares during the quarter. Wealth Alliance’s holdings in Five Below were worth $446,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lecap Asset Management Ltd. bought a new position in Five Below during the 4th quarter worth approximately $2,268,000. Louisiana State Employees Retirement System bought a new position in Five Below during the 4th quarter worth approximately $3,325,000. NewEdge Wealth LLC bought a new position in Five Below during the 4th quarter worth approximately $531,000. Sequoia Financial Advisors LLC bought a new position in Five Below during the 4th quarter worth approximately $670,000. Finally, International Assets Investment Management LLC bought a new position in Five Below during the 4th quarter worth approximately $3,726,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FIVE shares. Oppenheimer cut Five Below from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. Craig Hallum dropped their price objective on Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, March 21st. Evercore ISI dropped their price objective on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday. Truist Financial dropped their price objective on Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, Telsey Advisory Group dropped their price objective on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.83.

Insiders Place Their Bets

In other Five Below news, Director Thomas Vellios sold 10,000 shares of Five Below stock in a transaction on Friday, January 19th. The stock was sold at an average price of $185.82, for a total value of $1,858,200.00. Following the completion of the sale, the director now owns 333,697 shares of the company’s stock, valued at approximately $62,007,576.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Five Below Trading Up 1.9 %

Shares of NASDAQ:FIVE opened at $152.10 on Thursday. The stock has a fifty day simple moving average of $185.68 and a two-hundred day simple moving average of $185.90. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.20 and a beta of 1.19. Five Below, Inc. has a 12-month low of $144.57 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.07 EPS. As a group, equities research analysts predict that Five Below, Inc. will post 6.06 EPS for the current year.

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.