Five Below (NASDAQ:FIVE) Issues Q2 2021 Earnings Guidance

Five Below (NASDAQ:FIVE) updated its second quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of $1.010-1.130 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.710. The company issued revenue guidance of $640 million-660 million, compared to the consensus revenue estimate of $584.26 million.

Several equities research analysts recently issued reports on the stock. Craig Hallum lifted their price target on shares of Five Below from $208.00 to $225.00 and gave the stock a buy rating in a research note on Thursday, March 18th. The Goldman Sachs Group boosted their target price on shares of Five Below from $214.00 to $229.00 and gave the company a buy rating in a research note on Thursday, March 18th. Morgan Stanley upped their price target on shares of Five Below from $220.00 to $225.00 and gave the stock an overweight rating in a research note on Thursday, March 18th. Wells Fargo & Company upped their price target on shares of Five Below from $215.00 to $235.00 and gave the stock an overweight rating in a research note on Thursday, March 18th. Finally, Evercore ISI downgraded shares of Five Below to a hold rating in a report on Sunday, June 6th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $211.60.

Five Below stock traded up $2.33 during midday trading on Friday, hitting $188.86. 11,075 shares of the stock were exchanged, compared to its average volume of 747,567. The firm has a fifty day moving average price of $190.78. Five Below has a 52 week low of $96.61 and a 52 week high of $205.28. The stock has a market capitalization of $10.57 billion, a PE ratio of 47.35, a PEG ratio of 1.28 and a beta of 1.28.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 2nd. The specialty retailer reported $0.88 EPS for the quarter, topping the consensus estimate of $0.65 by $0.23. The firm had revenue of $597.80 million for the quarter, compared to the consensus estimate of $555.21 million. Five Below had a net margin of 9.48% and a return on equity of 27.01%. The business’s quarterly revenue was up 197.6% on a year-over-year basis. During the same period last year, the company posted ($0.91) EPS. On average, sell-side analysts expect that Five Below will post 4.47 earnings per share for the current fiscal year.

In other Five Below news, Director Catherine Elizabeth Buggeln sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, March 19th. The shares were sold at an average price of $194.28, for a total transaction of $1,068,540.00. Following the sale, the director now directly owns 11,778 shares in the company, valued at approximately $2,288,229.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Michael Romanko sold 2,427 shares of the firm’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $195.01, for a total transaction of $473,289.27. Following the sale, the chief marketing officer now owns 12,529 shares in the company, valued at $2,443,280.29. The disclosure for this sale can be found here. Insiders have sold a total of 17,006 shares of company stock worth $3,360,898 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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 nail polishes, lip glosses, fragrances, 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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Earnings History and Estimates for Five Below (NASDAQ:FIVE)

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