Five Below (FIVE) Issues Q4 Earnings Guidance
Five Below (NASDAQ:FIVE) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $1.53-1.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57. The company issued revenue guidance of $593-600 million, compared to the consensus revenue estimate of $598.26 million.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Five Below from a hold rating to a buy rating and set a $109.00 price objective on the stock in a report on Thursday, December 20th. BidaskClub lowered shares of Five Below from a strong-buy rating to a buy rating in a report on Tuesday, November 20th. ValuEngine lowered shares of Five Below from a strong-buy rating to a buy rating in a report on Thursday, December 6th. Dougherty & Co raised shares of Five Below from a neutral rating to a buy rating and set a $130.00 price objective on the stock in a report on Monday, November 26th. Finally, Loop Capital lowered shares of Five Below from a buy rating to a hold rating in a report on Wednesday, January 9th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $121.24.
Five Below stock opened at $117.57 on Monday. Five Below has a 1 year low of $60.00 and a 1 year high of $136.13. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 65.68, a price-to-earnings-growth ratio of 1.54 and a beta of 0.56.
In related news, Director Ronald Sargent sold 31,500 shares of the stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $97.60, for a total value of $3,074,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David N. Makuen sold 12,000 shares of the stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the completion of the sale, the insider now owns 20,863 shares in the company, valued at $2,429,079.09. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Five Below Company Profile
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.
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