Analysts Expect Five Below, Inc. (NASDAQ:FIVE) Will Post Earnings of $0.26 Per Share
Analysts expect that Five Below, Inc. (NASDAQ:FIVE) will report $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Five Below’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.26. Five Below reported earnings of $0.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 44.4%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 30th.
According to Zacks, 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 $1.62 to $1.64. For the next financial year, analysts forecast that the business will report earnings of $1.94 per share, with EPS estimates ranging from $1.89 to $2.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Five Below.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $232.90 million during the quarter, compared to the consensus estimate of $230.75 million. Five Below had a return on equity of 24.02% and a net margin of 7.06%. Five Below’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share.
Several analysts have weighed in on FIVE shares. Gordon Haskett started coverage on shares of Five Below in a research note on Tuesday, May 9th. They issued an “accumulate” rating and a $57.00 price target for the company. UBS AG boosted their price target on shares of Five Below from $50.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, May 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $50.00 price target on shares of Five Below in a research note on Monday, May 15th. Finally, Jefferies Group LLC boosted their price target on shares of Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Five Below currently has an average rating of “Hold” and an average price target of $53.74.
Shares of Five Below (NASDAQ:FIVE) opened at 49.97 on Monday. The company has a 50-day moving average price of $47.81 and a 200-day moving average price of $45.23. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13. The firm has a market capitalization of $2.75 billion, a P/E ratio of 37.60 and a beta of 0.94.
In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total value of $932,470.00. Following the transaction, the chief financial officer now owns 76,544 shares in the company, valued at $4,125,721.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.92% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in FIVE. Norges Bank bought a new position in shares of Five Below during the fourth quarter valued at about $16,879,000. Teachers Advisors LLC boosted its position in shares of Five Below by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 88,147 shares of the specialty retailer’s stock valued at $3,522,000 after buying an additional 2,069 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Five Below by 50.5% in the fourth quarter. Macquarie Group Ltd. now owns 419,570 shares of the specialty retailer’s stock valued at $16,766,000 after buying an additional 140,769 shares in the last quarter. First National Bank of Omaha boosted its position in shares of Five Below by 31.9% in the first quarter. First National Bank of Omaha now owns 25,770 shares of the specialty retailer’s stock valued at $1,116,000 after buying an additional 6,235 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Five Below during the first quarter valued at about $773,000.
About Five Below
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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