Dougherty & Co Equities Analysts Lift Earnings Estimates for Five Below Inc (FIVE)

Five Below Inc (NASDAQ:FIVE) – Equities researchers at Dougherty & Co upped their Q3 2019 earnings estimates for shares of Five Below in a research note issued to investors on Tuesday, November 27th. Dougherty & Co analyst J. Hamblin now anticipates that the specialty retailer will post earnings of $0.20 per share for the quarter, up from their previous estimate of $0.19. Dougherty & Co currently has a “Buy” rating and a $130.00 price objective on the stock. Dougherty & Co also issued estimates for Five Below’s FY2019 earnings at $2.59 EPS and FY2020 earnings at $3.08 EPS.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Thursday, September 6th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $347.73 million during the quarter, compared to the consensus estimate of $334.82 million. Five Below had a net margin of 8.83% and a return on equity of 25.97%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share.

FIVE has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “sell” rating in a research note on Tuesday, August 7th. Morgan Stanley raised their target price on shares of Five Below from $94.00 to $103.00 and gave the stock a “hold” rating in a report on Friday, September 7th. JPMorgan Chase & Co. raised their target price on shares of Five Below to $150.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. BidaskClub downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Telsey Advisory Group initiated coverage on shares of Five Below in a research report on Wednesday, October 24th. They issued a “market perform” rating and a $120.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $116.11.

FIVE stock opened at $105.27 on Friday. Five Below has a 1 year low of $59.02 and a 1 year high of $136.13. The stock has a market capitalization of $5.89 billion, a P/E ratio of 58.81, a P/E/G ratio of 1.39 and a beta of 0.57.

In related news, Director Daniel Kaufman sold 3,995 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $133.18, for a total transaction of $532,054.10. Following the completion of the sale, the director now directly owns 5,047 shares in the company, valued at $672,159.46. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David N. Makuen sold 12,000 shares of the stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the transaction, the insider now directly owns 20,863 shares of the company’s stock, valued at approximately $2,429,079.09. The disclosure for this sale can be found here. Insiders sold 19,303 shares of company stock valued at $2,346,022 over the last quarter. Company insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank raised its holdings in Five Below by 14.5% during the second quarter. Amalgamated Bank now owns 8,911 shares of the specialty retailer’s stock worth $871,000 after purchasing an additional 1,127 shares in the last quarter. Hartford Investment Management Co. acquired a new position in shares of Five Below in the 2nd quarter valued at $259,000. Massachusetts Financial Services Co. MA grew its position in Five Below by 3.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 418,680 shares of the specialty retailer’s stock valued at $40,909,000 after buying an additional 13,677 shares during the last quarter. Aperio Group LLC grew its position in Five Below by 11.3% in the 2nd quarter. Aperio Group LLC now owns 15,776 shares of the specialty retailer’s stock valued at $1,541,000 after buying an additional 1,596 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in Five Below by 58.9% in the 2nd quarter. Alps Advisors Inc. now owns 11,194 shares of the specialty retailer’s stock valued at $742,000 after buying an additional 4,150 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

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

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