Five Below Inc (FIVE) : Crestwood Capital Management reduced its stake in Five Below Inc by 20.44% during the most recent quarter end. The investment management company now holds a total of 484,500 shares of Five Below Inc which is valued at $24,559,305 after selling 124,500 shares in Five Below Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Five Below Inc makes up approximately 5.84% of Crestwood Capital Management’s portfolio.
Other Hedge Funds, Including , Nicholas Investment Partners Lp added FIVE to its portfolio by purchasing 115,484 company shares during the most recent quarter which is valued at $5,853,884. Five Below Inc makes up approx 0.50% of Nicholas Investment Partners Lp’s portfolio. Timessquare Capital Management sold out all of its stake in FIVE during the most recent quarter. The investment firm sold 474,600 shares of FIVE which is valued $24,057,474.Penserra Capital Management reduced its stake in FIVE by selling 9,254 shares or 26.4% in the most recent quarter. The Hedge Fund company now holds 25,796 shares of FIVE which is valued at $1,297,797. Five Below Inc makes up approx 0.17% of Penserra Capital Management’s portfolio.Msi Financial Services Inc boosted its stake in FIVE in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 359 shares of Five Below Inc which is valued at $18,489. Duncker Streett Co Inc added FIVE to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $51,130. Five Below Inc makes up approx 0.02% of Duncker Streett Co Inc’s portfolio.
Five Below Inc closed down -1.14 points or -2.46% at $45.26 with 18,10,676 shares getting traded on Monday. Post opening the session at $46.34, the shares hit an intraday low of $45.11 and an intraday high of $46.425 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.