Five Below Inc to Post FY2018 Earnings of $1.76 Per Share, Dougherty & Co Forecasts (FIVE)
Five Below Inc (NASDAQ:FIVE) – Stock analysts at Dougherty & Co increased their FY2018 earnings per share (EPS) estimates for Five Below in a note issued to investors on Sunday. Dougherty & Co analyst J. Hamblin now forecasts that the specialty retailer will post earnings of $1.76 per share for the year, up from their prior forecast of $1.67. Dougherty & Co has a “Buy” rating on the stock. Dougherty & Co also issued estimates for Five Below’s FY2019 earnings at $2.06 EPS.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis.
Five Below (FIVE) traded down $0.86 during midday trading on Tuesday, hitting $64.14. The company had a trading volume of 1,304,677 shares, compared to its average volume of 1,099,690. Five Below has a one year low of $36.90 and a one year high of $65.49. The company has a market capitalization of $3,397.51, a price-to-earnings ratio of 40.20, a PEG ratio of 1.21 and a beta of 0.85.
Several hedge funds have recently bought and sold shares of FIVE. First Mercantile Trust Co. raised its stake in shares of Five Below by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 40 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Five Below in the second quarter worth $205,000. Strs Ohio raised its stake in shares of Five Below by 40.0% in the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 1,200 shares during the last quarter. Miles Capital Inc. purchased a new position in shares of Five Below in the second quarter worth $210,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Five Below by 73.2% in the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,829 shares during the last quarter.
In other news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the transaction, the insider now owns 757,823 shares in the company, valued at $41,778,781.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.92% of the stock is owned by insiders.
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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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