Five Below Inc (FIVE) Expected to Announce Quarterly Sales of $501.46 Million

Equities analysts expect Five Below Inc (NASDAQ:FIVE) to report $501.46 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Five Below’s earnings, with the highest sales estimate coming in at $504.50 million and the lowest estimate coming in at $497.50 million. Five Below posted sales of $388.09 million in the same quarter last year, which suggests a positive year-over-year growth rate of 29.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Five Below will report full-year sales of $501.46 million for the current year, with estimates ranging from $1.24 billion to $1.28 billion. For the next year, analysts forecast that the business will post sales of $1.51 billion per share, with estimates ranging from $1.47 billion to $1.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Five Below.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The company had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. During the same period last year, the company posted $0.10 EPS. Five Below’s revenue was up 28.9% on a year-over-year basis.

Several research analysts have issued reports on FIVE shares. Dougherty & Co lifted their target price on shares of Five Below from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of Five Below in a report on Monday, January 8th. MKM Partners lifted their target price on shares of Five Below to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Deutsche Bank raised shares of Five Below from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, January 3rd. Finally, Morgan Stanley lifted their target price on shares of Five Below from $54.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.33.

Five Below (NASDAQ FIVE) opened at $67.52 on Friday. Five Below has a 12-month low of $37.14 and a 12-month high of $73.55. The stock has a market cap of $3,689.16, a PE ratio of 44.13, a P/E/G ratio of 1.29 and a beta of 0.84.

In other news, CEO Joel D. Anderson sold 20,000 shares of Five Below stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $67.00, for a total value of $1,340,000.00. Following the completion of the sale, the chief executive officer now directly owns 127,693 shares in the company, valued at $8,555,431. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the completion of the sale, the insider now owns 13,883 shares of the company’s stock, valued at $931,271.64. The disclosure for this sale can be found here. Insiders sold 143,400 shares of company stock valued at $9,474,401 over the last quarter. Company insiders own 3.22% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in Five Below by 2.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 310,072 shares of the specialty retailer’s stock valued at $20,564,000 after buying an additional 8,416 shares during the period. Wasatch Advisors Inc. grew its position in Five Below by 7.5% during the fourth quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock valued at $138,056,000 after buying an additional 144,473 shares during the period. Louisiana State Employees Retirement System grew its position in Five Below by 5.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the specialty retailer’s stock valued at $1,572,000 after buying an additional 1,300 shares during the period. Sheets Smith Wealth Management grew its position in Five Below by 87.4% during the fourth quarter. Sheets Smith Wealth Management now owns 10,804 shares of the specialty retailer’s stock valued at $717,000 after buying an additional 5,040 shares during the period. Finally, Atlantic Trust Group LLC bought a new stake in Five Below during the third quarter valued at approximately $1,241,000.

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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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