Zacks: Brokerages Anticipate Five Below Inc (FIVE) Will Announce Quarterly Sales of $335.05 Million
Equities analysts forecast that Five Below Inc (NASDAQ:FIVE) will announce $335.05 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Five Below’s earnings, with the lowest sales estimate coming in at $334.30 million and the highest estimate coming in at $335.61 million. Five Below posted sales of $283.32 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 29th.
According to Zacks, analysts expect that Five Below will report full-year sales of $1.52 billion for the current financial year. For the next fiscal year, analysts expect that the company will report sales of $1.84 billion per share, with estimates ranging from $1.82 billion to $1.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Five Below.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 6th. The specialty retailer reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Five Below had a net margin of 8.64% and a return on equity of 26.59%. The company had revenue of $296.32 million for the quarter, compared to the consensus estimate of $291.14 million. During the same period last year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year.
FIVE opened at $104.48 on Tuesday. Five Below has a 1-year low of $46.00 and a 1-year high of $109.09. The company has a market capitalization of $5.89 billion, a PE ratio of 58.37, a P/E/G ratio of 1.54 and a beta of 0.49.
In related news, Director Thomas M. Ryan sold 35,000 shares of Five Below stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $103.25, for a total transaction of $3,613,750.00. Following the sale, the director now directly owns 9,710 shares in the company, valued at approximately $1,002,557.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Romanko sold 6,673 shares of Five Below stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $98.78, for a total transaction of $659,158.94. Following the sale, the executive vice president now owns 14,784 shares in the company, valued at $1,460,363.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,806 shares of company stock worth $14,531,056. 2.60% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its position in Five Below by 37.3% during the 2nd quarter. LS Investment Advisors LLC now owns 5,734 shares of the specialty retailer’s stock worth $560,000 after buying an additional 1,558 shares during the period. Montag & Caldwell LLC lifted its position in shares of Five Below by 29.7% in the 1st quarter. Montag & Caldwell LLC now owns 5,321 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 1,219 shares during the period. Legal & General Group Plc lifted its position in shares of Five Below by 2.2% in the 1st quarter. Legal & General Group Plc now owns 113,254 shares of the specialty retailer’s stock worth $8,206,000 after purchasing an additional 2,400 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Five Below in the 2nd quarter worth approximately $859,000. Finally, Amalgamated Bank lifted its position in shares of Five Below by 14.5% in the 2nd quarter. Amalgamated Bank now owns 8,911 shares of the specialty retailer’s stock worth $871,000 after purchasing an additional 1,127 shares during the period.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
Further Reading: Outstanding Shares and The Effect on Share Price
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