Five Below, Inc. (FIVE) Updates Q3 Earnings Guidance
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.
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.
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