Five Below, Inc. Expected to Earn FY2020 Earnings of $2.37 Per Share (FIVE)

Five Below, Inc. (NASDAQ:FIVE) – Jefferies Group cut their FY2020 earnings per share (EPS) estimates for shares of Five Below in a research note issued to investors on Wednesday. Jefferies Group analyst D. Binder now forecasts that the specialty retailer will post earnings per share of $2.37 for the year, down from their previous estimate of $2.40. Jefferies Group currently has a “Buy” rating and a $70.00 target price on the stock. Jefferies Group also issued estimates for Five Below’s FY2021 earnings at $2.87 EPS and FY2022 earnings at $3.49 EPS.

A number of other equities research analysts also recently weighed in on FIVE. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 target price for the company. in a research report on Friday. UBS upped their price objective on Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a report on Friday. Buckingham Research upped their price objective on Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a report on Friday. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, MKM Partners upped their price objective on Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $60.97.

Shares of Five Below (NASDAQ FIVE) opened at $61.51 on Friday. The firm has a market capitalization of $3,411.34, a price-to-earnings ratio of 40.39, a PEG ratio of 1.30 and a beta of 0.85. Five Below has a 52-week low of $36.90 and a 52-week high of $63.33.

Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. Five Below had a return on equity of 24.43% and a net margin of 7.31%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share.

In related news, insider Thomas Vellios sold 142,573 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the transaction, the insider now directly owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FIVE. Jennison Associates LLC raised its stake in Five Below by 24.1% in the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after buying an additional 412,641 shares during the period. Legal & General Group Plc raised its stake in Five Below by 11.7% in the second quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock valued at $5,239,000 after buying an additional 11,110 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Five Below during the second quarter worth approximately $588,000. Emerald Advisers Inc. PA increased its stake in shares of Five Below by 8.9% during the third quarter. Emerald Advisers Inc. PA now owns 598,025 shares of the specialty retailer’s stock worth $32,820,000 after purchasing an additional 48,974 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Five Below by 82.4% during the second quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock worth $8,685,000 after purchasing an additional 79,480 shares during the period.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/02/five-below-inc-expected-to-earn-fy2020-earnings-of-2-37-per-share-five.html.

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.

Earnings History and Estimates for Five Below (NASDAQ:FIVE)

Receive News & Ratings for Five Below Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply