Summit Creek Advisors LLC Grows Stock Position in Five Below, Inc. (NASDAQ:FIVE)

Key Points

• Summit Creek Advisors LLC increased its stake in Five Below, Inc. by 19.9% in Q1, holding 116,924 shares worth approximately $8.76 million.
• Five Below's latest earnings report showed an EPS of $0.86, exceeding analyst expectations and reflecting a 19.5% increase in revenue year-over-year.
• Wall Street analysts have recently raised their target price for Five Below, with ratings ranging from "hold" to "buy", and an average price target of $119.00.

Summit Creek Advisors LLC raised its position in Five Below, Inc. (NASDAQ:FIVE - Free Report) by 19.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,924 shares of the specialty retailer's stock after purchasing an additional 19,445 shares during the quarter. Summit Creek Advisors LLC owned 0.21% of Five Below worth $8,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Five Below by 7.5% in the first quarter. LPL Financial LLC now owns 71,226 shares of the specialty retailer's stock worth $5,337,000 after acquiring an additional 5,000 shares in the last quarter. Inspire Advisors LLC purchased a new stake in Five Below in the first quarter valued at $575,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Five Below by 4.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,734 shares of the specialty retailer's stock valued at $1,179,000 after acquiring an additional 729 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Five Below in the first quarter valued at $412,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Five Below in the first quarter valued at about $5,583,000.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $138.67 on Monday. Five Below, Inc. has a 1 year low of $52.38 and a 1 year high of $142.13. The firm's 50 day moving average price is $125.96 and its 200 day moving average price is $97.63. The firm has a market cap of $7.63 billion, a P/E ratio of 29.07 and a beta of 1.04.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The firm had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. During the same quarter last year, the business earned $0.60 earnings per share. Five Below's revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FIVE shares. The Goldman Sachs Group upped their target price on shares of Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Truist Financial increased their price target on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Citigroup increased their price target on shares of Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased their target price on shares of Five Below from $115.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Finally, Loop Capital increased their target price on shares of Five Below from $90.00 to $130.00 and gave the company a "hold" rating in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Five Below has an average rating of "Hold" and an average price target of $119.00.

Insider Buying and Selling

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the transaction, the insider owned 25,890 shares of the company's stock, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider George Hill sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $140.00, for a total transaction of $210,000.00. Following the transaction, the insider directly owned 42,672 shares in the company, valued at approximately $5,974,080. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,200 shares of company stock worth $1,740,209. 1.90% of the stock is 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.

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