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 décor, and related items, as well as provides storage options for the customers room.
Featured Article: NASDAQ Stock Market Explained
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.