Five Below Inc (NASDAQ:FIVE) – Dougherty & Co boosted their FY2019 earnings estimates for shares of Five Below in a research note issued to investors on Tuesday, September 11th, according to Zacks Investment Research. Dougherty & Co analyst J. Hamblin now forecasts that the specialty retailer will post earnings of $2.57 per share for the year, up from their prior forecast of $2.46. Dougherty & Co currently has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Five Below’s FY2020 earnings at $3.04 EPS.
Other equities analysts also recently issued research reports about the stock. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. Credit Suisse Group raised their target price on shares of Five Below from $96.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. Loop Capital raised their target price on shares of Five Below to $100.00 and gave the company a “hold” rating in a research note on Tuesday, July 17th. Finally, Citigroup raised their target price on shares of Five Below from $117.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.18.
Shares of NASDAQ FIVE traded down $2.23 on Wednesday, reaching $117.59. 832,928 shares of the company’s stock traded hands, compared to its average volume of 1,219,546. Five Below has a 12 month low of $54.28 and a 12 month high of $136.13. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 65.69, a P/E/G ratio of 1.71 and a beta of 0.44.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Five Below had a net margin of 8.83% and a return on equity of 25.97%. The company had revenue of $347.73 million during the quarter, compared to the consensus estimate of $334.82 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Five Below’s revenue was up 22.7% on a year-over-year basis.
In other news, insider Joel D. Anderson sold 20,929 shares of Five Below stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $103.50, for a total transaction of $2,166,151.50. Following the transaction, the insider now owns 29,117 shares in the company, valued at approximately $3,013,609.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Vellios sold 60,000 shares of Five Below stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $103.18, for a total transaction of $6,190,800.00. Following the transaction, the director now owns 661,977 shares in the company, valued at approximately $68,302,786.86. The disclosure for this sale can be found here. Insiders sold 123,232 shares of company stock worth $12,919,564 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Summit Trail Advisors LLC lifted its stake in shares of Five Below by 6,021.0% during the 1st quarter. Summit Trail Advisors LLC now owns 114,769 shares of the specialty retailer’s stock valued at $115,000 after buying an additional 112,894 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Five Below during the 2nd quarter valued at $164,000. Tower Research Capital LLC TRC purchased a new position in shares of Five Below during the 2nd quarter valued at $176,000. CIBC Asset Management Inc purchased a new position in shares of Five Below during the 2nd quarter valued at $201,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of Five Below during the 3rd quarter valued at $212,000.
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.
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