Five Below, Inc. (NASDAQ:FIVE) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.11-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $241-246 million, compared to the consensus revenue estimate of $242.93 million.Five Below also updated its FY18 guidance to $1.62-1.66 EPS.

Five Below, Inc. (NASDAQ FIVE) opened at 47.57 on Friday. The company has a market cap of $2.62 billion, a P/E ratio of 35.79 and a beta of 0.94. The firm has a 50-day moving average price of $48.40 and a 200-day moving average price of $46.62. Five Below, Inc. has a 12-month low of $35.03 and a 12-month high of $54.13. Five Below also was the target of unusually large options trading on Wednesday. Stock investors acquired 7,306 put options on the stock. This represents an increase of 818% compared to the typical volume of 796 put options.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 25.30% and a net margin of 7.29%. The business had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same period in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. On average, equities research analysts forecast that Five Below, Inc. will post $1.65 earnings per share for the current fiscal year.

Several brokerages have weighed in on FIVE. Royal Bank Of Canada upped their target price on Five Below from $56.00 to $57.00 and gave the stock an outperform rating in a report on Thursday. Zacks Investment Research upgraded Five Below from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Wednesday, August 23rd. Gordon Haskett began coverage on Five Below in a report on Tuesday, May 9th. They issued an accumulate rating and a $57.00 target price for the company. Jefferies Group LLC reiterated a buy rating and issued a $62.00 target price on shares of Five Below in a report on Thursday. Finally, BidaskClub upgraded Five Below from a hold rating to a buy rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $53.56.

In related news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.90, for a total transaction of $932,470.00. Following the transaction, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.22% of the company’s stock.

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About Five Below

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 and Estimates for Five Below (NASDAQ:FIVE)

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