Five Below, Inc. (NASDAQ:FIVE) – Equities research analysts at Oppenheimer increased their FY2022 earnings per share estimates for shares of Five Below in a research report issued to clients and investors on Wednesday, June 9th. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will earn $4.49 per share for the year, up from their prior estimate of $4.10.
Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, June 2nd. The specialty retailer reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.23. The company had revenue of $597.80 million during the quarter, compared to the consensus estimate of $555.21 million. Five Below had a net margin of 9.48% and a return on equity of 27.01%. Five Below’s quarterly revenue was up 197.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.91) EPS.
NASDAQ:FIVE opened at $186.53 on Friday. Five Below has a one year low of $96.61 and a one year high of $205.28. The firm has a market capitalization of $10.44 billion, a PE ratio of 46.98, a PEG ratio of 1.28 and a beta of 1.28. The firm has a 50 day moving average of $190.78.
In other news, Director Catherine Elizabeth Buggeln sold 5,500 shares of Five Below stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $194.28, for a total value of $1,068,540.00. Following the completion of the transaction, the director now owns 11,778 shares in the company, valued at approximately $2,288,229.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Michael Romanko sold 2,427 shares of the business’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $195.01, for a total value of $473,289.27. Following the transaction, the chief marketing officer now directly owns 12,529 shares of the company’s stock, valued at $2,443,280.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,006 shares of company stock worth $3,360,898. Insiders own 1.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. The PNC Financial Services Group Inc. grew its holdings in Five Below by 34.0% during the 1st quarter. The PNC Financial Services Group Inc. now owns 16,669 shares of the specialty retailer’s stock worth $3,180,000 after acquiring an additional 4,229 shares in the last quarter. Morgan Stanley lifted its position in shares of Five Below by 6.0% during the 4th quarter. Morgan Stanley now owns 508,329 shares of the specialty retailer’s stock worth $88,946,000 after purchasing an additional 28,564 shares during the last quarter. Comerica Bank grew its stake in shares of Five Below by 17.5% during the first quarter. Comerica Bank now owns 70,455 shares of the specialty retailer’s stock worth $13,784,000 after purchasing an additional 10,509 shares in the last quarter. Captrust Financial Advisors increased its holdings in Five Below by 24.5% in the fourth quarter. Captrust Financial Advisors now owns 7,127 shares of the specialty retailer’s stock valued at $1,247,000 after buying an additional 1,403 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Five Below by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 158,213 shares of the specialty retailer’s stock valued at $30,185,000 after buying an additional 15,161 shares in the last quarter.
About Five Below
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 nail polishes, lip glosses, fragrances, 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 dÃ©cor, and related items, as well as provides storage options for the customers room.
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