FY2019 EPS Estimates for Five Below Inc (FIVE) Boosted by Analyst
Five Below Inc (NASDAQ:FIVE) – Equities research analysts at Dougherty & Co upped their FY2019 earnings per share estimates for Five Below in a report issued on Wednesday. Dougherty & Co analyst J. Hamblin now forecasts that the specialty retailer will earn $2.48 per share for the year, up from their prior estimate of $2.06. Dougherty & Co has a “Buy” rating and a $82.00 price target on the stock.
Several other research analysts have also recently weighed in on the company. Jefferies Group reaffirmed a “buy” rating and set a $85.00 target price on shares of Five Below in a research note on Monday, January 8th. MKM Partners raised their target price on Five Below to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Deutsche Bank raised Five Below from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, January 3rd. Morgan Stanley raised their target price on Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 27th. Finally, BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.33.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Stifel Financial Corp boosted its position in Five Below by 1.4% during the 2nd quarter. Stifel Financial Corp now owns 15,614 shares of the specialty retailer’s stock worth $765,000 after acquiring an additional 214 shares during the period. D.A. Davidson & CO. boosted its position in Five Below by 5.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,921 shares of the specialty retailer’s stock worth $292,000 after acquiring an additional 294 shares during the period. Amalgamated Bank boosted its position in Five Below by 5.3% during the 2nd quarter. Amalgamated Bank now owns 7,477 shares of the specialty retailer’s stock worth $369,000 after acquiring an additional 378 shares during the period. PNC Financial Services Group Inc. boosted its position in Five Below by 6.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,848 shares of the specialty retailer’s stock worth $438,000 after acquiring an additional 506 shares during the period. Finally, Advisor Group Inc. boosted its position in Five Below by 11.4% during the 2nd quarter. Advisor Group Inc. now owns 5,870 shares of the specialty retailer’s stock worth $290,000 after acquiring an additional 599 shares during the period.
In related news, insider Eric M. Specter sold 15,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the completion of the transaction, the insider now owns 13,883 shares in the company, valued at approximately $931,271.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald Sargent sold 80,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total value of $5,247,200.00. Following the completion of the transaction, the director now owns 29,429 shares of the company’s stock, valued at approximately $1,930,248.11. The disclosure for this sale can be found here. Insiders sold a total of 143,400 shares of company stock valued at $9,474,401 in the last quarter. 2.92% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.