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.
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.
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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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