Five Below, Inc. (FIVE) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
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.
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