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.
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