Summit Creek Advisors LLC boosted its stake in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 10.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,380 shares of the specialty retailer’s stock after purchasing an additional 10,496 shares during the quarter. Five Below comprises 2.0% of Summit Creek Advisors LLC’s portfolio, making the stock its 24th largest position. Summit Creek Advisors LLC owned about 0.20% of Five Below worth $17,798,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Five Below during the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. lifted its position in Five Below by 238.2% during the first quarter. SJS Investment Consulting Inc. now owns 186 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 131 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in Five Below during the fourth quarter valued at approximately $49,000. Koshinski Asset Management Inc. lifted its position in Five Below by 57.3% during the first quarter. Koshinski Asset Management Inc. now owns 354 shares of the specialty retailer’s stock valued at $56,000 after buying an additional 129 shares in the last quarter. Finally, Covestor Ltd acquired a new position in Five Below during the fourth quarter valued at approximately $58,000. 99.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Telsey Advisory Group reduced their price target on shares of Five Below from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, June 9th. Guggenheim reduced their price target on shares of Five Below from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Citigroup reduced their target price on shares of Five Below from $205.00 to $187.00 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Berenberg Bank began coverage on shares of Five Below in a research report on Tuesday, April 19th. They set a “hold” rating and a $181.00 target price on the stock. Finally, KeyCorp reduced their target price on shares of Five Below from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, June 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.37.
Five Below Price Performance
Five Below (NASDAQ:FIVE – Get Rating) last released its earnings results on Wednesday, June 8th. The specialty retailer reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. Five Below had a net margin of 9.06% and a return on equity of 24.53%. The firm had revenue of $639.60 million during the quarter, compared to analyst estimates of $652.73 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts expect that Five Below, Inc. will post 4.91 EPS for the current fiscal year.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.
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