Five Below, Inc. (FIVE) Releases Earnings Results, Beats Estimates By $0.04 EPS
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.
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