Summit Creek Advisors LLC Buys 311 Shares of Five Below, Inc. (NASDAQ:FIVE)

Summit Creek Advisors LLC boosted its stake in shares of Five Below, Inc. (NASDAQ:FIVE) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 97,479 shares of the specialty retailer’s stock after acquiring an additional 311 shares during the period. Summit Creek Advisors LLC’s holdings in Five Below were worth $10,231,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its stake in shares of Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after purchasing an additional 111 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in Five Below by 3.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after buying an additional 162 shares during the period. UMB Bank n.a. lifted its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares during the period. Brooklyn Investment Group bought a new position in Five Below in the third quarter valued at approximately $30,000. Finally, Amalgamated Bank grew its holdings in Five Below by 1.5% during the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer’s stock worth $2,814,000 after acquiring an additional 388 shares during the period.

Five Below Stock Performance

Shares of FIVE opened at $76.24 on Monday. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $185.48. The firm’s 50 day moving average price is $87.76 and its two-hundred day moving average price is $92.76. The firm has a market cap of $4.19 billion, a P/E ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.65 earnings per share. On average, sell-side analysts anticipate that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIVE. UBS Group cut their price target on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday. William Blair reissued a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Telsey Advisory Group decreased their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research report on Thursday. Finally, Loop Capital decreased their price objective on shares of Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.16.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Five Below Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.