Riverbridge Partners Lowers stake in Five Below Inc (FIVE)

Five Below Inc (FIVE) : Riverbridge Partners reduced its stake in Five Below Inc by 2.82% during the most recent quarter end. The investment management company now holds a total of 1,790,309 shares of Five Below Inc which is valued at $87,456,595 after selling 51,931 shares in Five Below Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Five Below Inc makes up approximately 1.76% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in FIVE by selling 657,948 shares or 98.17% in the most recent quarter. The Hedge Fund company now holds 12,275 shares of FIVE which is valued at $599,634. Five Below Inc makes up approx 0.03% of Evercore Wealth Management’s portfolio. Lasalle Street Capital Management sold out all of its stake in FIVE during the most recent quarter. The investment firm sold 5,495 shares of FIVE which is valued $274,255. Telemus Capital sold out all of its stake in FIVE during the most recent quarter. The investment firm sold 66,588 shares of FIVE which is valued $3,323,407. Lasalle Street Capital Management sold out all of its stake in FIVE during the most recent quarter. The investment firm sold 5,495 shares of FIVE which is valued $274,255.

Five Below Inc opened for trading at $48.85 and hit $49.07 on the upside on Thursday, eventually ending the session at $48.98, with a gain of 0.27% or 0.13 points. The heightened volatility saw the trading volume jump to 6,82,383 shares. Company has a market cap of $2,680 M.

On the company’s financial health, Five Below Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $0.10. The company had revenue of $192.70 million for the quarter, compared to analysts expectations of $187.97 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Five Below Inc. 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 .Company shares were Reiterated by RBC Capital Mkts on Jun 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $44 .Shares were Reiterated by Stifel on Jun 3, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $48 .

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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