Aigen Investment Management LP Acquires New Holdings in Five Below, Inc. (NASDAQ:FIVE)

Aigen Investment Management LP bought a new position in Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 26,230 shares of the specialty retailer’s stock, valued at approximately $2,753,000.

A number of other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Five Below during the 3rd quarter worth $30,000. Proficio Capital Partners LLC acquired a new stake in Five Below in the 4th quarter worth approximately $31,000. UMB Bank n.a. grew its position in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Five Below during the 3rd quarter valued at approximately $42,000. Finally, R Squared Ltd purchased a new position in shares of Five Below in the fourth quarter worth $68,000.

Five Below Price Performance

FIVE stock opened at $82.70 on Wednesday. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $212.01. The firm has a market capitalization of $4.55 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12. The business has a 50 day simple moving average of $95.12 and a 200-day simple moving average of $92.88.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FIVE shares. Loop Capital raised their target price on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Barclays boosted their target price on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Truist Financial raised their price objective on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Three research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $111.32.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value 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 represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

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.