Buckingham Capital Management Inc Lowers stake in Five Below Inc (FIVE)

Five Below Inc (FIVE) : Buckingham Capital Management Inc reduced its stake in Five Below Inc by 29.58% during the most recent quarter end. The investment management company now holds a total of 375,037 shares of Five Below Inc which is valued at $19,010,626 after selling 157,568 shares in Five Below Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Five Below Inc makes up approximately 1.03% of Buckingham Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in FIVE in the latest quarter, The investment management firm added 9,147 additional shares and now holds a total of 237,402 shares of Five Below Inc which is valued at $12,033,907. Five Below Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio. Bks Advisors added FIVE to its portfolio by purchasing 7,000 company shares during the most recent quarter which is valued at $352,170. Five Below Inc makes up approx 0.17% of Bks Advisors’s portfolio. Glenmede Trust Co Na added FIVE to its portfolio by purchasing 152 company shares during the most recent quarter which is valued at $7,688. Spot Trading L.l.c added FIVE to its portfolio by purchasing 55 company shares during the most recent quarter which is valued at $2,687.Cutler Group Lp reduced its stake in FIVE by selling 336 shares or 56.85% in the most recent quarter. The Hedge Fund company now holds 255 shares of FIVE which is valued at $11,988.

Five Below Inc (FIVE) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $46.92 and reached the intraday high at $47.14. The bulls started the profit booking and pushed the shares to intraday low of $46.06. The trading session was marked by a volume range of 6,21,838 shares exchanging hands. The 52-week high of the shares is $52.7 and the 52-week low is $26.95. The market cap of the company stands at $2,567 M and there are 5,47,25,136 shares in public circulation.

On the company’s financial health, Five Below Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $0.10. The company had revenue of $192.70 million for the quarter, compared to analysts expectations of $187.97 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Five Below Inc. Company shares were Reiterated by UBS on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $47 .Company shares were Reiterated by RBC Capital Mkts on Jun 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $44 .Shares were Reiterated by Stifel on Jun 3, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $48 .

Five Below Inc. (Five Below) is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers a range of products all priced at five dollars and below including select brands and licensed merchandise across a range of categories including Style Room Sports Tech Crafts Party Candy and Now. The Company operates 366 locations across 21 states. The Company’s stores have over 4000 stock-keeping units (SKUs) across a range of categories. The Company’s product groups include leisure fashion and home and party and snack. Leisure includes items such as sporting goods games toys tech books electronic accessories and arts and crafts. Fashion and home includes items such as personal accessories ‘attitude’ t-shirts beauty offerings home goods and storage options. Party and snack includes items such as party and seasonal goods greeting cards candy and other snacks and beverages.

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