Five Below, Inc. (NASDAQ:FIVE) posted its earnings results on Wednesday. The specialty retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04, Briefing.com reports. The firm had revenue of $283.30 million for the quarter, compared to analyst estimates of $276.37 million. Five Below had a return on equity of 24.02% and a net margin of 7.06%. Five Below’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. Five Below updated its Q3 guidance to $0.11-0.13 EPS and its FY18 guidance to $1.62-1.66 EPS.

Shares of Five Below (NASDAQ FIVE) opened at 49.27 on Thursday. The stock’s 50 day moving average is $48.08 and its 200 day moving average is $46.34. The firm has a market cap of $2.72 billion, a P/E ratio of 37.07 and a beta of 0.94. Five Below has a 52 week low of $35.03 and a 52 week high of $54.13. Five Below also saw some unusual options trading activity on Wednesday. Investors purchased 7,306 put options on the company. This represents an increase of approximately 818% compared to the average daily volume of 796 put options.

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Several research firms recently commented on FIVE. UBS AG increased their target price on Five Below from $50.00 to $59.00 and gave the company a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and issued a $62.00 target price on shares of Five Below in a report on Wednesday, August 23rd. Dougherty & Co reissued a “buy” rating on shares of Five Below in a report on Friday, August 18th. Finally, Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.50.

In other news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares in the company, valued at approximately $4,125,721.60. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.22% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. boosted its position in shares of Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after buying an additional 420 shares in the last quarter. SpiderRock Advisors LLC acquired a new position in shares of Five Below during the first quarter worth about $125,000. Strs Ohio boosted its position in shares of Five Below by 30.4% in the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after buying an additional 700 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Five Below by 17.6% in the first quarter. Flinton Capital Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $147,000 after buying an additional 510 shares in the last quarter.

Five Below Company Profile

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.

Earnings History for Five Below (NASDAQ:FIVE)

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