Zacks: Brokerages Anticipate Five Below, Inc. (FIVE) to Announce $0.26 Earnings Per Share
Wall Street analysts predict that Five Below, Inc. (NASDAQ:FIVE) will announce earnings per share of $0.26 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Five Below’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. Five Below posted earnings per share of $0.18 in the same quarter last year, which indicates a positive year over year growth rate of 44.4%. The firm is expected to report its next earnings results on Wednesday, August 30th.
On average, analysts expect that Five Below will report full year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.64. For the next fiscal year, analysts expect that the firm will post earnings of $1.94 per share, with EPS estimates ranging from $1.89 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Five Below.
Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million during the quarter, compared to the consensus estimate of $230.75 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis.
FIVE has been the subject of several analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 target price (up from $48.00) on shares of Five Below in a report on Tuesday, May 30th. Vetr downgraded Five Below from a “hold” rating to a “sell” rating and set a $47.56 target price for the company. in a report on Wednesday, April 26th. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, May 23rd. BTIG Research reaffirmed a “neutral” rating on shares of Five Below in a report on Saturday, June 3rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $60.00 target price (up from $54.00) on shares of Five Below in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Five Below has a consensus rating of “Hold” and an average target price of $53.74.
Five Below (NASDAQ FIVE) opened at 49.97 on Monday. Five Below has a 52 week low of $35.03 and a 52 week high of $54.13. The company has a 50-day moving average of $47.81 and a 200 day moving average of $45.23. The firm has a market cap of $2.75 billion, a P/E ratio of 37.60 and a beta of 0.94.
In other news, CFO Kenneth R. Bull sold 17,300 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.92% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its stake in Five Below by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock worth $617,000 after buying an additional 32 shares during the period. LS Investment Advisors LLC increased its stake in Five Below by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock worth $234,000 after buying an additional 39 shares during the period. First Mercantile Trust Co. increased its stake in Five Below by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after buying an additional 40 shares during the period. Torch Wealth Management LLC increased its stake in Five Below by 0.5% in the first quarter. Torch Wealth Management LLC now owns 18,575 shares of the specialty retailer’s stock worth $804,000 after buying an additional 100 shares during the period. Finally, Arizona State Retirement System increased its stake in Five Below by 0.3% in the second quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock worth $1,417,000 after buying an additional 100 shares during the period.
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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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