Five Below Inc. (FIVE) Set to Announce Earnings on Thursday
Five Below Inc. (NASDAQ:FIVE) is scheduled to post its quarterly earnings results after the market closes on Thursday, December 1st.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $220.13 million for the quarter, compared to the consensus estimate of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. Five Below’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, analysts expect Five Below to post $1.31 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.
Shares of Five Below Inc. (NASDAQ:FIVE) opened at 39.89 on Wednesday. The firm’s 50-day moving average price is $38.51 and its 200-day moving average price is $43.24. The stock has a market capitalization of $2.19 billion, a P/E ratio of 35.02 and a beta of 1.02. Five Below Inc. has a 52-week low of $26.97 and a 52-week high of $52.70.
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Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in Five Below by 3.5% in the third quarter. D.A. Davidson & CO. now owns 6,114 shares of the company’s stock valued at $244,000 after buying an additional 205 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in Five Below by 192.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 11,395 shares of the company’s stock valued at $458,000 after buying an additional 7,495 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in Five Below during the third quarter valued at $4,290,000. The Manufacturers Life Insurance Company bought a new stake in Five Below during the third quarter valued at $1,800,000. Finally, KCG Holdings Inc. raised its stake in Five Below by 48.7% in the third quarter. KCG Holdings Inc. now owns 7,825 shares of the company’s stock valued at $315,000 after buying an additional 2,563 shares in the last quarter.
A number of research analysts have commented on the company. Barclays PLC reaffirmed an “equal weight” rating and set a $42.00 target price on shares of Five Below in a report on Tuesday. Zacks Investment Research downgraded Five Below from a “hold” rating to a “sell” rating in a report on Monday. MKM Partners reaffirmed a “buy” rating and set a $60.00 target price on shares of Five Below in a report on Tuesday, September 13th. Jefferies Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Five Below in a report on Thursday, September 1st. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price target (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.81.
Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.
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