Five Below (FIVE) Issues Q4 Earnings Guidance
Five Below (NASDAQ:FIVE) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.09-1.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $491-503 million, compared to the consensus revenue estimate of $484.09 million.
A number of research firms recently commented on FIVE. Zacks Investment Research raised shares of Five Below from a hold rating to a buy rating and set a $67.00 target price for the company in a research report on Thursday. Jefferies Group increased their target price on shares of Five Below from $62.00 to $70.00 and gave the company a buy rating in a research report on Wednesday. Loop Capital cut shares of Five Below from a buy rating to a hold rating and set a $54.00 target price for the company. in a research report on Monday, November 20th. MKM Partners increased their target price on shares of Five Below from $59.00 to $64.00 and gave the company a buy rating in a research report on Tuesday. Finally, KeyCorp reissued a hold rating on shares of Five Below in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $58.64.
Five Below (NASDAQ FIVE) traded up $0.99 during midday trading on Thursday, hitting $61.24. 2,062,300 shares of the company’s stock were exchanged, compared to its average volume of 1,072,904. The stock has a market capitalization of $3,325.78, a PE ratio of 41.55, a P/E/G ratio of 1.27 and a beta of 0.80. Five Below has a fifty-two week low of $36.90 and a fifty-two week high of $62.25.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. analysts expect that Five Below will post 1.66 earnings per share for the current year.
In other Five Below news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the transaction, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.92% of the company’s stock.
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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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