Five Below, Inc. (NASDAQ:FIVE) released its quarterly earnings results on Wednesday. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04, Briefing.com reports. The firm had revenue of $283.30 million for the quarter, compared to the consensus estimate of $276.37 million. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. Five Below updated its Q3 guidance to $0.11-0.13 EPS and its FY18 guidance to $1.62-1.66 EPS.

Shares of Five Below (NASDAQ FIVE) opened at 49.27 on Thursday. The company has a market capitalization of $2.72 billion, a PE ratio of 37.07 and a beta of 0.94. The firm’s 50-day moving average price is $48.08 and its 200-day moving average price is $46.34. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13.

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In related news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the sale, the chief financial officer now owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.22% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. increased its stake in Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares in the last quarter. Tyers Asset Management LLC increased its stake in Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after buying an additional 420 shares in the last quarter. SpiderRock Advisors LLC bought a new stake in Five Below during the first quarter worth approximately $125,000. Strs Ohio increased its stake in Five Below by 30.4% in the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after buying an additional 700 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in Five Below by 17.6% in the first quarter. Flinton Capital Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $147,000 after buying an additional 510 shares in the last quarter.

A number of research firms have recently issued reports on FIVE. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, August 23rd. Loop Capital restated a “buy” rating and issued a $54.00 price target on shares of Five Below in a research note on Wednesday, May 3rd. Gordon Haskett began coverage on Five Below in a research note on Tuesday, May 9th. They issued an “accumulate” rating and a $57.00 price target on the stock. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $50.00 price target on shares of Five Below in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.50.

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. Its product groups include leisure, fashion and home, and party and snack.

Earnings History for Five Below (NASDAQ:FIVE)

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