Five Below, Inc. (NASDAQ:FIVE) Expected to Earn FY2022 Earnings of $4.49 Per Share

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.

Several other analysts have also recently issued reports on FIVE. Telsey Advisory Group upped their target price on Five Below from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, June 4th. The Goldman Sachs Group raised their price objective on shares of Five Below from $214.00 to $229.00 and gave the stock a “buy” rating in a research report on Thursday, March 18th. Craig Hallum increased their price target on shares of Five Below from $208.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, March 18th. Jefferies Financial Group upped their price objective on Five Below from $260.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 4th. Finally, Morgan Stanley lifted their target price on Five Below from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, March 18th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Five Below presently has an average rating of “Buy” and a consensus target price of $211.60.

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 décor, and related items, as well as provides storage options for the customers room.

Featured Article: The primary rules of Elliott Wave theory

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

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.