Zacks: Analysts Expect Five Below, Inc. (FIVE) to Post $0.26 Earnings Per Share
Analysts predict that Five Below, Inc. (NASDAQ:FIVE) will post earnings per share of $0.26 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Five Below’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. Five Below reported earnings of $0.18 per share during the same quarter last year, which would suggest a positive year over year growth rate of 44.4%. The firm is scheduled to issue its next earnings results on Wednesday, August 30th.
On average, analysts expect that Five Below will report full-year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.64. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.93 per share, with EPS estimates ranging from $1.89 to $1.98. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Five Below.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $230.75 million. During the same period last year, the company earned $0.12 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year.
Several equities research analysts recently weighed in on the company. Loop Capital restated a “buy” rating and set a $54.00 target price on shares of Five Below in a report on Wednesday, May 3rd. Gordon Haskett assumed coverage on Five Below in a report on Tuesday, May 9th. They set an “accumulate” rating and a $57.00 target price for the company. Vetr cut Five Below from a “hold” rating to a “sell” rating and set a $47.56 target price for the company. in a report on Wednesday, April 26th. Royal Bank Of Canada restated a “buy” rating and set a $50.00 target price on shares of Five Below in a report on Monday, May 15th. Finally, Jefferies Group LLC restated a “buy” rating and set a $55.00 target price on shares of Five Below in a report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Five Below has an average rating of “Buy” and a consensus target price of $53.85.
Shares of Five Below (FIVE) traded up 0.44% during trading on Wednesday, hitting $48.32. The stock had a trading volume of 815,572 shares. The company has a market capitalization of $2.66 billion, a PE ratio of 36.36 and a beta of 0.95. The firm has a 50-day moving average price of $51.19 and a 200 day moving average price of $43.74. Five Below has a 52 week low of $35.03 and a 52 week high of $54.13.
In other news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.92% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in FIVE. Guggenheim Capital LLC raised its position in shares of Five Below by 1,201.0% in the fourth quarter. Guggenheim Capital LLC now owns 67,472 shares of the specialty retailer’s stock valued at $2,696,000 after buying an additional 62,286 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Five Below by 7.3% in the fourth quarter. Janus Capital Management LLC now owns 1,416,216 shares of the specialty retailer’s stock valued at $56,592,000 after buying an additional 96,437 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Five Below by 8.4% in the fourth quarter. Franklin Resources Inc. now owns 643,861 shares of the specialty retailer’s stock valued at $25,729,000 after buying an additional 49,985 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Five Below during the fourth quarter valued at about $555,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Five Below by 127.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 86,095 shares of the specialty retailer’s stock valued at $3,438,000 after buying an additional 48,203 shares in the last quarter.
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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