Analysts Expect Five Below, Inc. (FIVE) Will Announce Quarterly Sales of $276.82 Million
Brokerages forecast that Five Below, Inc. (NASDAQ:FIVE) will announce sales of $276.82 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Five Below’s earnings. The highest sales estimate is $279.60 million and the lowest is $274.60 million. Five Below posted sales of $220.13 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 30th.
On average, analysts expect that Five Below will report full year sales of $276.82 million for the current year, with estimates ranging from $1.23 billion to $1.24 billion. For the next year, analysts forecast that the company will post sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Five Below.
Five Below (NASDAQ:FIVE) last issued 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 during the quarter, compared to the consensus estimate of $230.75 million. During the same period in the previous year, the firm posted $0.12 EPS. Five Below’s revenue was up 20.9% on a year-over-year basis.
A number of research firms have issued reports on FIVE. Jefferies Group LLC increased their target price on shares of Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. UBS AG reiterated a “buy” rating and issued a $50.00 target price on shares of Five Below in a research report on Thursday, March 23rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $50.00 target price on shares of Five Below in a research report on Monday, May 15th. Vetr downgraded shares of Five Below from a “buy” rating to a “hold” rating and set a $46.85 target price for the company. in a research report on Tuesday, April 11th. Finally, MKM Partners reiterated a “buy” rating and issued a $51.00 target price (down previously from $54.00) on shares of Five Below in a research report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.74.
Shares of Five Below (FIVE) opened at 48.7799 on Wednesday. The stock has a market capitalization of $2.69 billion, a PE ratio of 36.7042 and a beta of 0.95. The stock’s 50 day moving average is $49.10 and its 200 day moving average is $44.74. 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 firm’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 transaction, the chief financial officer now owns 76,544 shares in the company, valued at approximately $4,125,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.92% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. DnB Asset Management AS purchased a new position in Five Below during the first quarter worth about $4,708,000. Legato Capital Management LLC raised its position in Five Below by 4,230.9% in the first quarter. Legato Capital Management LLC now owns 34,994 shares of the specialty retailer’s stock worth $808,000 after buying an additional 34,186 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Five Below by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the specialty retailer’s stock worth $970,000 after buying an additional 300 shares during the last quarter. Torch Wealth Management LLC raised its position in Five Below by 0.5% in the first quarter. Torch Wealth Management LLC now owns 18,575 shares of the specialty retailer’s stock worth $804,000 after buying an additional 100 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in Five Below during the first quarter worth about $773,000.
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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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