Five Below Sees Strong Trading Volume After Strong Earnings (FIVE)
Shares of Five Below (NASDAQ:FIVE) saw unusually-strong trading volume on Wednesday following a better than expected earnings announcement, StockRatingsNetwork reports. Approximately 1,973,273 shares changed hands during mid-day trading, an increase of 139% from the previous session’s volume of 824,774 shares.The stock last traded at $36.53 and had previously closed at $36.17.
The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $126.00 million for the quarter, compared to the consensus estimate of $121.91 million. During the same quarter last year, the company posted $0.05 earnings per share. Five Below’s revenue was up 31.8% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Separately, analysts at Barclays raised their price target on shares of Five Below from $45.00 to $48.00 in a research note on Thursday, March 27th. They now have an “overweight” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Five Below from $38.00 to $39.00 in a research note on Wednesday, March 26th. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Five Below has an average rating of “Buy” and a consensus price target of $51.60.
The stock has a 50-day moving average of $37.81 and a 200-day moving average of $40.29. The company has a market cap of $1.980 billion and a P/E ratio of 61.31.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.