Wall Street analysts expect Five Below Inc (NASDAQ:FIVE) to post $498.87 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Five Below’s earnings. The highest sales estimate is $500.60 million and the lowest is $497.30 million. Five Below posted sales of $388.09 million during the same quarter last year, which suggests a positive year over year growth rate of 28.5%. The company is expected to announce its next quarterly earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Five Below will report full year sales of $498.87 million for the current financial year, with estimates ranging from $1.24 billion to $1.27 billion. For the next financial year, analysts forecast that the firm will report sales of $1.50 billion per share, with estimates ranging from $1.47 billion to $1.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Five Below.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same period in the prior year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year.

Several equities research analysts have issued reports on the company. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. Barclays reiterated a “hold” rating and set a $60.00 price objective on shares of Five Below in a report on Sunday, December 3rd. Buckingham Research increased their price objective on Five Below from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 1st. UBS increased their price objective on Five Below from $52.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada increased their price objective on Five Below to $67.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $60.91.

Shares of Five Below (FIVE) traded up $1.57 during trading on Monday, hitting $68.29. The company’s stock had a trading volume of 909,923 shares, compared to its average volume of 1,102,675. Five Below has a 12 month low of $36.90 and a 12 month high of $68.77. The company has a market capitalization of $3,685.28, a P/E ratio of 43.61, a P/E/G ratio of 1.42 and a beta of 0.85.

In other Five Below news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the transaction, the insider now directly owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joel D. Anderson sold 20,000 shares of Five Below stock in a transaction on Friday, December 8th. The shares were sold at an average price of $67.00, for a total value of $1,340,000.00. Following the completion of the transaction, the chief executive officer now directly owns 127,693 shares of the company’s stock, valued at $8,555,431. The disclosure for this sale can be found here. Over the last three months, insiders have sold 285,973 shares of company stock valued at $17,334,450. 3.22% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its stake in shares of Five Below by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 102,370 shares of the specialty retailer’s stock valued at $5,618,000 after purchasing an additional 5,070 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Five Below by 25.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 933 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Five Below in the 3rd quarter valued at $1,811,000. Oppenheimer Asset Management Inc. increased its stake in shares of Five Below by 2.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,502 shares of the specialty retailer’s stock valued at $4,528,000 after purchasing an additional 2,349 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Five Below by 4.4% in the 3rd quarter. King Luther Capital Management Corp now owns 30,095 shares of the specialty retailer’s stock valued at $1,652,000 after purchasing an additional 1,270 shares during the last quarter.

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About Five Below

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

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