Jefferies Group Equities Analysts Raise Earnings Estimates for Five Below, Inc. (FIVE)

Five Below, Inc. (NASDAQ:FIVE) – Equities researchers at Jefferies Group increased their Q2 2018 earnings per share (EPS) estimates for shares of Five Below in a report released on Wednesday. Jefferies Group analyst D. Binder now expects that the specialty retailer will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.25. Jefferies Group has a “Buy” rating and a $62.00 price target on the stock. Jefferies Group also issued estimates for Five Below’s FY2018 earnings at $1.63 EPS and FY2019 earnings at $1.90 EPS.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The company had revenue of $232.90 million for the quarter, compared to analyst estimates of $230.75 million. During the same period in the previous year, the company posted $0.12 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis.

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A number of other analysts have also weighed in on the company. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday. Dougherty & Co reaffirmed a “buy” rating on shares of Five Below in a research report on Friday, August 18th. BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. UBS AG lowered Five Below from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $59.00 to $52.00 in a research report on Monday, July 10th. Finally, Loop Capital reaffirmed a “buy” rating and set a $60.00 price objective on shares of Five Below in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $53.50.

Five Below (FIVE) traded up 0.04% during midday trading on Thursday, hitting $50.16. The company had a trading volume of 83,083 shares. The company has a market capitalization of $2.76 billion, a P/E ratio of 37.74 and a beta of 0.94. The stock has a 50 day moving average price of $48.02 and a 200 day moving average price of $46.26. Five Below has a 52 week low of $35.03 and a 52 week high of $54.13.

In related news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares in the company, valued at $4,125,721.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.22% of the company’s stock.

Several institutional investors have recently modified their holdings of FIVE. Tyers Asset Management LLC increased its position in Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 420 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Five Below by 6.2% in the first quarter. Great West Life Assurance Co. Can now owns 77,466 shares of the specialty retailer’s stock valued at $3,354,000 after buying an additional 4,548 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in Five Below by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 267,650 shares of the specialty retailer’s stock valued at $11,592,000 after buying an additional 1,845 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in Five Below during the first quarter valued at about $2,339,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in Five Below during the first quarter valued at about $346,000.

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.

Earnings History and Estimates for Five Below (NASDAQ:FIVE)




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