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Five Below (FIVE) Rose in Q4 on Management Guidance

Polen Capital, an investment management company, released its “Polen U.S. Small Company Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 3.46% net of fees compared to a 4.13% return for the Russell 2000 Growth Index. Style factor headwinds and relative sector positioning offset the positive stock selection in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Polen Capital highlighted stocks like Five Below, Inc. (NASDAQ:FIVE) in the fourth quarter 2022 investor letter. Headquartered in Philadelphia, Pennsylvania, Five Below, Inc. (NASDAQ:FIVE) is a specialty value retailer. On January 24, 2023, Five Below, Inc. (NASDAQ:FIVE) stock closed at $192.02 per share. One-month return of Five Below, Inc. (NASDAQ:FIVE) was 8.72%, and its shares gained 23.36% of their value over the last 52 weeks. Five Below, Inc. (NASDAQ:FIVE) has a market capitalization of $10.66 billion.

Polen Capital made the following comment about Five Below, Inc. (NASDAQ:FIVE) in its Q4 2022 investor letter:

"Five Below, Inc. (NASDAQ:FIVE), a leading discount retailer focused on teen and tween audiences, also reported better-than-expected results and raised full-year 2022 guidance above consensus expectations. These results, along with expectations for a successful holiday season, propelled the stock in the quarter. Zooming out, we are most excited about the company's strong store economics, the investments it makes to remodel its stores, the long runway for store growth, and its value orientation in a difficult economy."

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Five Below, Inc. (NASDAQ:FIVE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Five Below, Inc. (NASDAQ:FIVE) at the end of the third quarter, which was 31 in the previous quarter.

We discussed Five Below, Inc. (NASDAQ:FIVE) in another article and shared Artisan Partners’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.

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