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 7.79% during the most recent quarter end. The investment management company now holds a total of 532,605 shares of Five Below Inc which is valued at $22,401,366 after selling 45,000 shares in Five Below Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Five Below Inc makes up approximately 1.30% of Buckingham Capital Management Inc’s portfolio.

Five Below Inc opened for trading at $41.31 and hit $42.19 on the upside on Friday, eventually ending the session at $42.06, with a gain of 2.49% or 1.02 points. The heightened volatility saw the trading volume jump to 8,90,102 shares. Company has a market cap of $2,296 M.

Other Hedge Funds, Including , Summit Creek Advisors boosted its stake in FIVE in the latest quarter, The investment management firm added 31,249 additional shares and now holds a total of 460,183 shares of Five Below Inc which is valued at $19,355,297. Five Below Inc makes up approx 2.99% of Summit Creek Advisors’s portfolio.Gw&k Investment Management boosted its stake in FIVE in the latest quarter, The investment management firm added 134,868 additional shares and now holds a total of 1,297,217 shares of Five Below Inc which is valued at $54,560,947. Five Below Inc makes up approx 1.20% of Gw&k Investment Management’s portfolio.New York State Teachers Retirement System boosted its stake in FIVE in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 30,817 shares of Five Below Inc which is valued at $1,296,163. Simplex Trading sold out all of its stake in FIVE during the most recent quarter. The investment firm sold 6,022 shares of FIVE which is valued $239,856.Capstone Asset Management Co reduced its stake in FIVE by selling 870 shares or 5.25% in the most recent quarter. The Hedge Fund company now holds 15,700 shares of FIVE which is valued at $625,331. Five Below Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Five Below Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 22, 2016. Analyst had a consensus of $0.76. The company had revenue of $326.35 million for the quarter, compared to analysts expectations of $324.37 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on Five Below Inc. Credit Suisse Resumed Five Below Inc on Apr 22, 2016 to “Outperform”, Price Target of the shares are set at $47.Company shares were Reiterated by RBC Capital Mkts on Mar 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .Company shares were Reiterated by Dougherty & Company on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $45 .

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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