Five Below, Inc. (NASDAQ:FIVE) Position Cut by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has sold 20,165 shares of Five Below, Inc., reducing its holdings by 76.9% to 6,065 shares, valued at $454,000.
• Five Below's stock price has seen a significant increase, with various analysts raising their target prices, including Truist Financial increasing it to $112.00 and Goldman Sachs to $135.00.
• The company reported a 19.5% year-over-year increase in revenue for the previous quarter, with earnings per share of $0.86, beating consensus estimates.

Aigen Investment Management LP lowered its stake in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) by 76.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,065 shares of the specialty retailer's stock after selling 20,165 shares during the quarter. Aigen Investment Management LP's holdings in Five Below were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Byrne Asset Management LLC acquired a new position in shares of Five Below in the 1st quarter valued at $29,000. Bessemer Group Inc. raised its position in Five Below by 246.9% in the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after purchasing an additional 353 shares during the last quarter. UMB Bank n.a. raised its position in Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 206 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 253 shares during the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in Five Below in the 1st quarter valued at $92,000.

Insider Buying and Selling at Five Below

In related news, CAO Eric M. Specter sold 5,500 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the sale, the chief accounting officer directly owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This trade represents a 8.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider George Hill sold 1,500 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total transaction of $210,000.00. Following the sale, the insider directly owned 42,672 shares of the company's stock, valued at approximately $5,974,080. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on FIVE shares. JPMorgan Chase & Co. upped their price target on shares of Five Below from $105.00 to $154.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wells Fargo & Company upped their price target on shares of Five Below from $115.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Truist Financial reissued a "hold" rating on shares of Five Below in a research note on Wednesday. Mizuho boosted their price objective on shares of Five Below from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Finally, Telsey Advisory Group boosted their price objective on shares of Five Below from $90.00 to $128.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of "Hold" and an average target price of $121.47.

Five Below Stock Down 2.8%

Shares of FIVE stock traded down $3.94 during trading hours on Thursday, hitting $134.36. 1,005,979 shares of the company were exchanged, compared to its average volume of 1,082,681. The firm has a market cap of $7.40 billion, a PE ratio of 28.17 and a beta of 1.06. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $143.88. The firm has a fifty day moving average of $131.99 and a 200 day moving average of $101.58.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current 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.