Brokerages Expect Five Below, Inc. (NASDAQ:FIVE) Will Post Quarterly Sales of $276.82 Million
Wall Street analysts predict that Five Below, Inc. (NASDAQ:FIVE) will announce $276.82 million in sales for the current quarter, Zacks 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 reported sales of $220.13 million in the same quarter last year, which indicates a positive year over year growth rate of 25.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 30th.
According to Zacks, analysts expect that Five Below will report full year sales of $276.82 million for the current financial year, with estimates ranging from $1.23 billion to $1.24 billion. For the next year, analysts expect that the business will report 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 a mean average based on a survey of analysts that cover Five Below.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data 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. The firm had revenue of $232.90 million during the quarter, compared to analyst estimates 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 previous year, the company earned $0.12 earnings per share.
FIVE has been the subject of several recent analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 price objective (up previously from $48.00) on shares of Five Below in a report on Tuesday, May 30th. Vetr lowered shares of Five Below from a “hold” rating to a “sell” rating and set a $47.56 price objective for the company. in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Tuesday, May 23rd. BTIG Research reaffirmed a “neutral” rating on shares of Five Below in a report on Saturday, June 3rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $60.00 price objective (up previously from $54.00) on shares of Five Below in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.74.
Shares of Five Below (NASDAQ:FIVE) opened at 49.70 on Wednesday. The company has a 50-day moving average price of $47.84 and a 200 day moving average price of $45.32. Five Below has a one year low of $35.03 and a one year high of $54.13. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 37.40 and a beta of 0.94.
In related 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 sale, the chief financial officer now directly owns 76,544 shares in the company, valued at $4,125,721.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.92% of the company’s stock.
Several large investors have recently modified their holdings of FIVE. First Mercantile Trust Co. raised its stake in shares of Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Five Below by 14.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 13,745 shares of the specialty retailer’s stock worth $595,000 after buying an additional 1,730 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Five Below by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 6,080 shares of the specialty retailer’s stock worth $263,000 after buying an additional 140 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Five Below by 17.1% in the first quarter. Rice Hall James & Associates LLC now owns 417,497 shares of the specialty retailer’s stock worth $18,082,000 after buying an additional 60,908 shares during the last quarter. Finally, DnB Asset Management AS bought a new stake in shares of Five Below during the first quarter worth approximately $4,708,000.
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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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