Atika Capital Management adds Five Below Inc (FIVE) to its portfolio

Five Below Inc (FIVE) : Atika Capital Management added new position in Five Below Inc during the most recent quarter end. The investment management firm now holds 105,000 shares of Five Below Inc which is valued at $5,322,450 , the company said in a statement filed on Aug 15, 2016 with the SEC.Five Below Inc makes up approximately 2.65% of Atika Capital Management’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co added FIVE to its portfolio by purchasing 21,432 company shares during the most recent quarter which is valued at $1,086,388. Five Below Inc makes up approx 0.04% of Paloma Partners Management Co’s portfolio.Aperio Group reduced its stake in FIVE by selling 117 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 9,579 shares of FIVE which is valued at $485,560.Kdi Capital Partners reduced its stake in FIVE by selling 304 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 106,228 shares of FIVE which is valued at $5,384,697. Five Below Inc makes up approx 1.66% of Kdi Capital Partners’s portfolio.Neuberger Berman Group reduced its stake in FIVE by selling 280,771 shares or 28.08% in the most recent quarter. The Hedge Fund company now holds 719,125 shares of FIVE which is valued at $36,373,343. Five Below Inc makes up approx 0.05% of Neuberger Berman Group’s portfolio.

Five Below Inc closed down -0.51 points or -1.14% at $44.05 with 41,73,706 shares getting traded on Thursday. Post opening the session at $42.2, the shares hit an intraday low of $42 and an intraday high of $45.49 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Five Below Inc reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.17. The company had revenue of $220.13 million for the quarter, compared to analysts expectations of $219.60 million. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Five Below Inc. Five Below Inc was Upgraded by Goldman to ” Neutral” on Sep 6, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $53 .Company shares were Reiterated by UBS on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $47 .

Five Below Inc. (Five Below) is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers a range of products all priced at five dollars and below including select brands and licensed merchandise across a range of categories including Style Room Sports Tech Crafts Party Candy and Now. The Company operates 366 locations across 21 states. The Company’s stores have over 4000 stock-keeping units (SKUs) across a range of categories. The Company’s product groups include leisure fashion and home and party and snack. Leisure includes items such as sporting goods games toys tech books electronic accessories and arts and crafts. Fashion and home includes items such as personal accessories ‘attitude’ t-shirts beauty offerings home goods and storage options. Party and snack includes items such as party and seasonal goods greeting cards candy and other snacks and beverages.

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