Five Below, Inc. (FIVE) Expected to Announce Quarterly Sales of $244.93 Million
Equities analysts expect that Five Below, Inc. (NASDAQ:FIVE) will post $244.93 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Five Below’s earnings, with estimates ranging from $243.30 million to $246.42 million. Five Below reported sales of $199.48 million in the same quarter last year, which indicates a positive year-over-year growth rate of 22.8%. The company is expected to issue its next earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Five Below will report full year sales of $244.93 million for the current year, with estimates ranging from $1.24 billion to $1.25 billion. For the next year, analysts forecast that the firm will report sales of $1.48 billion per share, with estimates ranging from $1.47 billion to $1.49 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Five Below.
Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% 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 quarter in the previous year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 28.7% on a year-over-year basis.
Several research analysts have weighed in on FIVE shares. Loop Capital reaffirmed a “buy” rating and issued a $60.00 target price on shares of Five Below in a research report on Friday, June 30th. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 target price on shares of Five Below in a research report on Wednesday, August 23rd. Dougherty & Co reaffirmed a “buy” rating on shares of Five Below in a research report on Friday, August 18th. Finally, BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Five Below currently has a consensus rating of “Buy” and an average price target of $54.15.
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In other Five Below news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.22% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVE. Strs Ohio grew its holdings in Five Below by 30.4% in the 1st quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock valued at $129,000 after buying an additional 700 shares during the last quarter. First Trust Advisors LP grew its holdings in Five Below by 95.0% in the 1st quarter. First Trust Advisors LP now owns 39,114 shares of the specialty retailer’s stock valued at $1,694,000 after buying an additional 19,051 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Five Below by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 700,149 shares of the specialty retailer’s stock valued at $30,322,000 after buying an additional 18,631 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Five Below in the 1st quarter valued at approximately $514,000. Finally, Sei Investments Co. acquired a new stake in Five Below in the 1st quarter valued at approximately $716,000.
Shares of Five Below (NASDAQ FIVE) traded up 3.37% during mid-day trading on Tuesday, hitting $57.28. The stock had a trading volume of 2,017,304 shares. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 39.56 and a beta of 0.90. Five Below has a one year low of $35.03 and a one year high of $57.65. The company has a 50-day moving average of $50.59 and a 200 day moving average of $48.75.
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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