Sage Financial Group Inc adds Five Below Inc (FIVE) to its portfolio

Five Below Inc (FIVE) : Sage Financial Group Inc added new position in Five Below Inc during the most recent quarter end. The investment management firm now holds 51,032 shares of Five Below Inc which is valued at $2,628,148 , the company said in a statement filed on Jul 25, 2016 with the SEC.Five Below Inc makes up approximately 0.68% of Sage Financial Group Inc’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in FIVE in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 359 shares of Five Below Inc which is valued at $18,489.1st Global Advisors boosted its stake in FIVE in the latest quarter, The investment management firm added 394 additional shares and now holds a total of 5,835 shares of Five Below Inc which is valued at $298,344. Five Below Inc makes up approx 0.04% of 1st Global Advisors’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.Creative Planning reduced its stake in FIVE by selling 21 shares or 5.17% in the most recent quarter. The Hedge Fund company now holds 385 shares of FIVE which is valued at $18,099.Davenport Co reduced its stake in FIVE by selling 15,205 shares or 43.34% in the most recent quarter. The Hedge Fund company now holds 19,877 shares of FIVE which is valued at $934,418. Five Below Inc makes up approx 0.01% of Davenport Co’s portfolio.

Five Below Inc opened for trading at $50.57 and hit $51.05 on the upside on Friday, eventually ending the session at $51.01, with a gain of 1.07% or 0.54 points. The heightened volatility saw the trading volume jump to 7,21,591 shares. Company has a market cap of $2,792 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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