Summit Creek Advisors LLC Has $17.80 Million Position in Five Below, Inc. (NASDAQ:FIVE)

Summit Creek Advisors LLC increased its position in Five Below, Inc. (NASDAQ:FIVEGet Rating) by 10.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 112,380 shares of the specialty retailer’s stock after acquiring an additional 10,496 shares during the period. Five Below comprises 2.0% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Summit Creek Advisors LLC’s holdings in Five Below were worth $17,798,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverbridge Partners LLC boosted its position in Five Below by 1.9% during the first quarter. Riverbridge Partners LLC now owns 1,605,538 shares of the specialty retailer’s stock worth $254,269,000 after purchasing an additional 30,160 shares during the period. Alliancebernstein L.P. boosted its position in Five Below by 2.9% during the fourth quarter. Alliancebernstein L.P. now owns 1,255,421 shares of the specialty retailer’s stock worth $259,734,000 after purchasing an additional 35,588 shares during the period. Montrusco Bolton Investments Inc. boosted its position in Five Below by 143.9% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 736,892 shares of the specialty retailer’s stock worth $149,772,000 after purchasing an additional 434,703 shares during the period. Geode Capital Management LLC boosted its position in Five Below by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 727,045 shares of the specialty retailer’s stock worth $150,418,000 after purchasing an additional 14,731 shares during the period. Finally, 1832 Asset Management L.P. bought a new stake in Five Below during the fourth quarter worth approximately $140,494,000. Institutional investors and hedge funds own 99.20% of the company’s stock.

Five Below Price Performance

Five Below stock opened at $138.56 on Friday. The stock has a fifty day moving average price of $124.37 and a two-hundred day moving average price of $147.23. Five Below, Inc. has a 52-week low of $109.49 and a 52-week high of $237.86. The firm has a market capitalization of $7.69 billion, a P/E ratio of 29.73, a P/E/G ratio of 1.42 and a beta of 1.33.

Five Below (NASDAQ:FIVEGet Rating) last released its quarterly earnings data on Wednesday, June 8th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Five Below had a return on equity of 24.53% and a net margin of 9.06%. The firm had revenue of $639.60 million during the quarter, compared to analyst estimates of $652.73 million. During the same period in the prior year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Five Below, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on FIVE. Berenberg Bank began coverage on Five Below in a research report on Tuesday, April 19th. They set a “hold” rating and a $181.00 target price for the company. Morgan Stanley reduced their price objective on Five Below from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Truist Financial reduced their price objective on Five Below from $155.00 to $154.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. MKM Partners assumed coverage on Five Below in a research report on Thursday, July 28th. They issued a “neutral” rating and a $115.00 price objective for the company. Finally, KeyCorp reduced their price objective on Five Below from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.37.

Five Below Company Profile

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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 d├ęcor, accent furniture, and related items, as well as provides storage options for the customers room.

Further Reading

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Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

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