Five Below (NASDAQ:FIVE) Issues Earnings Results

Five Below (NASDAQ:FIVE) issued its earnings results on Wednesday. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26, Zacks reports. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the prior year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Five Below updated its Q4 guidance to $3.23-3.41 EPS.

Five Below Price Performance

NASDAQ:FIVE traded up $1.77 during trading hours on Wednesday, reaching $104.97. 3,867,112 shares of the company were exchanged, compared to its average volume of 1,486,040. The stock has a 50 day simple moving average of $90.69 and a 200 day simple moving average of $94.55. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.09 and a beta of 1.19.

Analyst Ratings Changes

FIVE has been the subject of a number of research reports. Craig Hallum raised their target price on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Citigroup raised their price target on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. UBS Group lowered their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Evercore ISI boosted their price objective on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $106.60.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.