Crestwood Capital Management buys $23.3 Million stake in Five Below Inc (FIVE)

Five Below Inc (FIVE) : Crestwood Capital Management scooped up 25,000 additional shares in Five Below Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 609,000 shares of Five Below Inc which is valued at $23.3 Million.Five Below Inc makes up approximately 4.59% of Crestwood Capital Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in FIVE in the latest quarter, The investment management firm added 16,800 additional shares and now holds a total of 366,210 shares of Five Below Inc which is valued at $14 Million. Five Below Inc makes up approx 0.01% of Geode Capital Management’s portfolio. Hussman Strategic Advisors added FIVE to its portfolio by purchasing 100,000 company shares during the most recent quarter which is valued at $3.8 Million. Five Below Inc makes up approx 0.50% of Hussman Strategic Advisors’s portfolio.Teacher Retirement System Of Texas boosted its stake in FIVE in the latest quarter, The investment management firm added 1,544 additional shares and now holds a total of 6,679 shares of Five Below Inc which is valued at $255,205.Ftb Advisors reduced its stake in FIVE by selling 25 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 595 shares of FIVE which is valued at $22,735. Timber Hill sold out all of its stake in FIVE during the most recent quarter. The investment firm sold 16,562 shares of FIVE which is valued $662,646.

Five Below Inc opened for trading at $38.44 and hit $39.52 on the upside on Wednesday, eventually ending the session at $39.31, with a gain of 2.42% or 0.93 points. The heightened volatility saw the trading volume jump to 5,96,143 shares. Company has a market cap of $2,146 M.

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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