Amalgamated Bank Buys 388 Shares of Five Below, Inc. (NASDAQ:FIVE)

Amalgamated Bank increased its stake in Five Below, Inc. (NASDAQ:FIVE) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,808 shares of the specialty retailer’s stock after purchasing an additional 388 shares during the quarter. Amalgamated Bank’s holdings in Five Below were worth $2,814,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Five Below in the third quarter worth $30,000. UMB Bank n.a. grew its stake in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below in the 3rd quarter worth approximately $42,000. R Squared Ltd purchased a new position in shares of Five Below in the fourth quarter worth approximately $68,000. Finally, GAMMA Investing LLC grew its position in Five Below by 149.1% during the fourth quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 814 shares during the period.

Five Below Price Performance

NASDAQ:FIVE opened at $86.89 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.19 and a beta of 1.12. The business has a 50 day simple moving average of $95.59 and a 200-day simple moving average of $92.64. Five Below, Inc. has a 1 year low of $64.87 and a 1 year high of $212.01.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. As a group, analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, November 7th. Truist Financial upped their price target on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Mizuho boosted their price objective on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Barclays lifted their price target on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, William Blair restated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.32.

Insiders Place Their Bets

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by insiders.

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.