Wall Street analysts expect Five Below Inc (NASDAQ:FIVE) to post sales of $601.72 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Five Below’s earnings. The lowest sales estimate is $600.00 million and the highest is $603.77 million. Five Below reported sales of $504.83 million in the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, March 27th.

On average, analysts expect that Five Below will report full year sales of $1.56 billion for the current year. For the next financial year, analysts anticipate that the business will report sales of $1.90 billion, with estimates ranging from $1.88 billion to $1.92 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Five Below.

FIVE has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Five Below from a “hold” rating to a “buy” rating in a research report on Saturday, January 5th. JPMorgan Chase & Co. dropped their price target on shares of Five Below to $153.00 in a research report on Sunday, December 2nd. Zacks Investment Research reiterated a “hold” rating and issued a $100.00 price target on shares of Five Below in a research report on Monday, December 31st. Loop Capital dropped their price target on shares of Five Below to $110.00 and set a “hold” rating for the company in a research report on Tuesday, November 27th. Finally, Dougherty & Co upgraded shares of Five Below from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, November 26th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Five Below currently has a consensus rating of “Buy” and a consensus target price of $121.91.

Shares of FIVE traded up $0.77 during mid-day trading on Monday, reaching $117.69. The stock had a trading volume of 533,899 shares, compared to its average volume of 879,173. The firm has a market cap of $6.54 billion, a P/E ratio of 65.75, a PEG ratio of 1.28 and a beta of 0.60. Five Below has a 12 month low of $66.83 and a 12 month high of $136.13.

In other news, Director Ronald Sargent sold 31,500 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $97.60, for a total value of $3,074,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in FIVE. American Century Companies Inc. raised its stake in Five Below by 49.9% during the fourth quarter. American Century Companies Inc. now owns 495,702 shares of the specialty retailer’s stock valued at $50,720,000 after purchasing an additional 164,954 shares in the last quarter. Geode Capital Management LLC raised its stake in Five Below by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 633,742 shares of the specialty retailer’s stock valued at $64,844,000 after purchasing an additional 47,729 shares in the last quarter. Norges Bank purchased a new stake in Five Below during the fourth quarter valued at $54,154,000. Castle Rock Wealth Management LLC purchased a new stake in Five Below during the fourth quarter valued at $329,000. Finally, Nordea Investment Management AB raised its stake in Five Below by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 38,942 shares of the specialty retailer’s stock valued at $3,984,000 after purchasing an additional 1,961 shares in the last quarter. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

Five Below Company Profile

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.

Read More: Can individual investors take part in an IPO?

Get a free copy of the Zacks research report on Five Below (FIVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.