Five Below, Inc. (NASDAQ:FIVE) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.11-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $241-246 million, compared to the consensus revenue estimate of $242.93 million.Five Below also updated its FY18 guidance to $1.62-1.66 EPS.

Five Below, Inc. (FIVE) traded up 1.44% during trading on Wednesday, reaching $49.27. The company had a trading volume of 2,557,778 shares. Five Below, Inc. has a 52-week low of $35.03 and a 52-week high of $54.13. The firm has a market capitalization of $2.72 billion, a P/E ratio of 37.07 and a beta of 0.94. The company has a 50-day moving average of $48.08 and a 200-day moving average of $46.34.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million for the quarter, compared to analysts’ expectations of $230.75 million. During the same period last year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Analysts expect that Five Below, Inc. will post $1.64 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a buy rating and issued a $50.00 price objective on shares of Five Below in a research note on Monday, May 15th. Jefferies Group LLC raised their price objective on shares of Five Below from $55.00 to $62.00 and gave the company a buy rating in a research note on Tuesday, May 9th. UBS AG raised their price objective on shares of Five Below from $50.00 to $59.00 and gave the company a buy rating in a research note on Friday, June 2nd. Guggenheim reaffirmed a buy rating and issued a $60.00 price objective (up from $52.00) on shares of Five Below in a research note on Saturday, June 3rd. Finally, BidaskClub cut shares of Five Below from a buy rating to a hold rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Five Below has a consensus rating of Buy and an average target price of $53.50.

In related news, CFO Kenneth R. Bull sold 17,300 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the sale, the chief financial officer now directly owns 76,544 shares in the company, valued at $4,125,721.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.92% of the company’s stock.

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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 and Estimates for Five Below (NASDAQ:FIVE)

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