As Five Below INC (FIVE) Share Value Rose, Holder Summit Creek Advisors LLC Trimmed Its Stake

October 13, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.19 in 2017 Q2. Its down 0.28, from 1.47 in 2017Q1. It turned negative, as 34 investors sold FIVE shares while 79 reduced holdings. 45 funds opened positions while 89 raised stakes. 60.02 million shares or 5.13% less from 63.27 million shares in 2017Q1 were reported. Wasatch Advsr Inc reported 1.95 million shares. Spark Inv Management Ltd Liability has 0.09% invested in Five Below Inc (NASDAQ:FIVE) for 28,000 shares. Fifth Third Financial Bank holds 0.01% or 17,166 shares. The Ontario – Canada-based Td Asset Mgmt Inc has invested 0% in Five Below Inc (NASDAQ:FIVE). Ohio-based Victory Mngmt has invested 0.12% in Five Below Inc (NASDAQ:FIVE). Wells Fargo And Mn has invested 0.02% of its portfolio in Five Below Inc (NASDAQ:FIVE). California Public Employees Retirement reported 97,300 shares. Bluecrest Capital Mngmt Ltd owns 14,516 shares. Toronto Dominion Financial Bank invested in 617 shares or 0% of the stock. Metropolitan Life New York invested in 36,997 shares or 0.01% of the stock. Deutsche Bank & Trust Ag holds 304,650 shares. First Personal Svcs stated it has 1,490 shares or 0.02% of all its holdings. Kornitzer Incorporated Ks holds 206,590 shares or 0.18% of its portfolio. Piedmont Advisors Ltd Company invested 0.01% of its portfolio in Five Below Inc (NASDAQ:FIVE). Great Lakes Advsr Limited Liability Co holds 142,202 shares.

Since June 8, 2017, it had 0 insider purchases, and 1 sale for $932,472 activity.

Summit Creek Advisors Llc decreased its stake in Five Below Inc. (FIVE) by 26.53% based on its latest 2017Q2 regulatory filing with the SEC. Summit Creek Advisors Llc sold 84,263 shares as the company’s stock rose 32.44% with the market. The institutional investor held 233,380 shares of the consumer services company at the end of 2017Q2, valued at $11.52M, down from 317,643 at the end of the previous reported quarter. Summit Creek Advisors Llc who had been investing in Five Below Inc. for a number of months, seems to be less bullish one the $3.05B market cap company. The stock rose 0.29% or $0.16 reaching $55.44. About 822,041 shares traded. Five Below Inc (NASDAQ:FIVE) has risen 35.78% since October 13, 2016 and is uptrending. It has outperformed by 19.08% the S&P500.

Summit Creek Advisors Llc, which manages about $971.18M and $485.54M US Long portfolio, upped its stake in Envestnet Inc. (NYSE:ENV) by 154,324 shares to 341,273 shares, valued at $13.51 million in 2017Q2, according to the filing. It also increased its holding in Carbonite Inc. (NASDAQ:CARB) by 266,198 shares in the quarter, for a total of 408,317 shares, and has risen its stake in Monro Muffler Brake Inc (NASDAQ:MNRO).

Investors wait Five Below Inc (NASDAQ:FIVE) to report on December, 7. its quarterly earnings Wall Street analysts expect $0.13 earnings per share, up $0.03 or 30.00 % from last year’s $0.1 same quarter earnings. This translates into $7.15M profit for FIVE giving the stock a 106.62 P/E. This is assuming the current $0.13 EPS is accurate. Five Below Inc’s Wall Street analysts see -56.67 % negative EPS growth, taking into account the $0.30 EPS reproted in the previous quarter,

Another recent and important Five Below Inc (NASDAQ:FIVE) news was published by Prnewswire.com which published an article titled: “Specialty Retail Stock Performance Review — Five Below, Barnes & Noble, Ulta …” on September 28, 2017.

Five Below Inc (NASDAQ:FIVE) Ratings Coverage

Among 18 analysts covering Five Below (NASDAQ:FIVE), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Five Below had 43 analyst reports since September 3, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Friday, June 3 report. Goldman Sachs downgraded the shares of FIVE in report on Wednesday, October 28 to “Sell” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, June 3. The firm has “Buy” rating by Deutsche Bank given on Thursday, September 3. The company was maintained on Friday, June 3 by Stifel Nicolaus. Barclays Capital maintained it with “Overweight” rating and $44 target in Thursday, September 3 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, June 3. UBS maintained it with “Buy” rating and $48 target in Friday, June 3 report. As per Tuesday, June 20, the company rating was maintained by Jefferies. The stock of Five Below Inc (NASDAQ:FIVE) has “Neutral” rating given on Monday, July 10 by UBS.

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