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.
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 dÃ©cor, and related items, as well as provides storage options for the customers room.
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