Five Below INC (FIVE) Shareholder Summit Creek Advisors LLC Cut Its Stake

October 13, 2017 - By Louis Casey

Investors sentiment decreased to 1.19 in Q2 2017. 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. Moreover, Congress Asset Mgmt Ma has 0.02% invested in Five Below Inc (NASDAQ:FIVE) for 20,147 shares. Proshare Ltd Com invested 0% in Five Below Inc (NASDAQ:FIVE). Sentinel Asset Mngmt Incorporated invested 0.35% in Five Below Inc (NASDAQ:FIVE). Hsbc Public Limited Co, United Kingdom-based fund reported 8,839 shares. Carroll Fincl Assoc Inc has 0% invested in Five Below Inc (NASDAQ:FIVE). 18,625 were accumulated by Davenport And Ltd. Dubuque Bank And Communications holds 0.03% in Five Below Inc (NASDAQ:FIVE) or 2,709 shares. Nordea Ab reported 37,658 shares stake. Metropolitan Life Insurance Com holds 0.01% or 36,997 shares in its portfolio. Fincl Bank Of Nova Scotia, a Ontario – Canada-based fund reported 17,600 shares. Iberiabank invested in 19,139 shares. Geneva Advsrs Limited Liability Company invested 0.02% of its portfolio in Five Below Inc (NASDAQ:FIVE). 72,095 are held by Dnb Asset Mngmt As. Maverick Ltd invested 0.02% of its portfolio in Five Below Inc (NASDAQ:FIVE). Mason Street Advsr Limited has invested 0.02% of its portfolio in Five Below Inc (NASDAQ:FIVE).

Since June 8, 2017, it had 0 insider buys, and 1 insider 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 $971.18 million and $485.54M US Long portfolio, upped its stake in Envestnet Inc. (NYSE:ENV) by 154,324 shares to 341,273 shares, valued at $13.51M in 2017Q2, according to the filing. It also increased its holding in Duluth Trading Company by 323,293 shares in the quarter, for a total of 532,652 shares, and has risen its stake in Carbonite Inc. (NASDAQ:CARB).

Investors wait Five Below Inc (NASDAQ:FIVE) to report on December, 7. its quarterly earnings Wall Street analysts expect $0.13 EPS, up $0.03 or 30.00 % from last year’s $0.1 same quarter earnings. This translates into $7.15 million 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. On Wednesday, August 24 the stock rating was initiated by BTIG Research with “Neutral”. The stock of Five Below Inc (NASDAQ:FIVE) earned “Equal-Weight” rating by Barclays Capital on Friday, September 23. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, September 6 report. The stock of Five Below Inc (NASDAQ:FIVE) has “Buy” rating given on Friday, June 3 by Stifel Nicolaus. The stock has “Buy” rating by Deutsche Bank on Thursday, September 3. The company was downgraded on Monday, July 10 by UBS. UBS maintained it with “Buy” rating and $5900 target in Friday, June 2 report. The firm earned “Outperform” rating on Wednesday, March 23 by Credit Suisse. The firm has “Outperform” rating given on Thursday, September 1 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, August 30 with “Buy”.

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