New Age Alpha Advisors LLC Invests $3.74 Million in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• New Age Alpha Advisors LLC acquired nearly 50,000 shares of Five Below, Inc., valued at approximately $3.7 million, representing a small ownership stake of 0.09% in the company.
• In recent transactions, insider selling included George Hill selling 4,500 shares and Amit Jhunjhunwala selling 1,700 shares, indicating a notable decrease in their ownership stakes.
• Five Below reported a quarterly earnings EPS of $0.86, exceeding analyst expectations and reflecting a year-over-year revenue growth of 19.5%, with a net margin of 6.52%.

New Age Alpha Advisors LLC acquired a new position in shares of Five Below, Inc. (NASDAQ:FIVE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 49,885 shares of the specialty retailer's stock, valued at approximately $3,738,000. New Age Alpha Advisors LLC owned about 0.09% of Five Below at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FIVE. Pictet Asset Management Holding SA boosted its position in shares of Five Below by 9.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,661 shares of the specialty retailer's stock worth $804,000 after buying an additional 676 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Five Below in the 4th quarter worth $306,000. Federated Hermes Inc. lifted its holdings in shares of Five Below by 36.8% in the fourth quarter. Federated Hermes Inc. now owns 5,620 shares of the specialty retailer's stock valued at $590,000 after buying an additional 1,511 shares during the period. Cerity Partners LLC boosted its stake in Five Below by 36.4% during the fourth quarter. Cerity Partners LLC now owns 21,349 shares of the specialty retailer's stock valued at $2,204,000 after buying an additional 5,698 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after acquiring an additional 123 shares during the period.

Insider Buying and Selling at Five Below

In related news, insider George Hill sold 4,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the sale, the insider directly owned 44,130 shares in the company, valued at $5,866,200.90. This trade represents a 9.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Eric M. Specter sold 5,500 shares of Five Below stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total transaction of $719,235.00. Following the transaction, the chief accounting officer directly owned 55,854 shares in the company, valued at $7,304,027.58. The trade was a 8.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,200 shares of company stock valued at $1,740,209. 1.90% of the stock is currently owned by insiders.

Five Below Stock Performance

Five Below stock traded up $0.81 during trading hours on Friday, hitting $133.52. 721,830 shares of the stock were exchanged, compared to its average volume of 1,136,350. The stock has a market capitalization of $7.35 billion, a P/E ratio of 27.99 and a beta of 1.06. The business's 50-day moving average is $130.92 and its two-hundred day moving average is $100.44. Five Below, Inc. has a 12 month low of $52.38 and a 12 month high of $143.88.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Mizuho raised their target price on shares of Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Evercore ISI lifted their price target on shares of Five Below from $115.00 to $120.00 and gave the stock an "in-line" rating in a research report on Tuesday, June 24th. DA Davidson cut their price objective on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lifted their target price on Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Five Below has a consensus rating of "Hold" and a consensus target price of $119.00.

Five Below Company 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.