Five Below Inc to Post FY2018 Earnings of $1.76 Per Share, Dougherty & Co Forecasts (FIVE)

Five Below Inc (NASDAQ:FIVE) – Stock analysts at Dougherty & Co increased their FY2018 earnings per share (EPS) estimates for Five Below in a note issued to investors on Sunday. Dougherty & Co analyst J. Hamblin now forecasts that the specialty retailer will post earnings of $1.76 per share for the year, up from their prior forecast of $1.67. Dougherty & Co has a “Buy” rating on the stock. Dougherty & Co also issued estimates for Five Below’s FY2019 earnings at $2.06 EPS.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $246.04 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis.

Several other equities research analysts have also weighed in on FIVE. Gordon Haskett lowered Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price target on the stock. in a research report on Friday. Barclays reiterated a “hold” rating and set a $60.00 price objective on shares of Five Below in a research note on Sunday. UBS lifted their price objective on Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Buckingham Research reiterated a “buy” rating and set a $62.00 price objective on shares of Five Below in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Five Below currently has a consensus rating of “Buy” and an average target price of $60.91.

Five Below (FIVE) traded down $0.86 during midday trading on Tuesday, hitting $64.14. The company had a trading volume of 1,304,677 shares, compared to its average volume of 1,099,690. Five Below has a one year low of $36.90 and a one year high of $65.49. The company has a market capitalization of $3,397.51, a price-to-earnings ratio of 40.20, a PEG ratio of 1.21 and a beta of 0.85.

Several hedge funds have recently bought and sold shares of FIVE. First Mercantile Trust Co. raised its stake in shares of Five Below by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 40 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Five Below in the second quarter worth $205,000. Strs Ohio raised its stake in shares of Five Below by 40.0% in the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 1,200 shares during the last quarter. Miles Capital Inc. purchased a new position in shares of Five Below in the second quarter worth $210,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Five Below by 73.2% in the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,829 shares during the last quarter.

In other news, insider Thomas Vellios sold 142,573 shares of the business’s 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 owns 757,823 shares in the company, valued at $41,778,781.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.92% of the stock is owned by insiders.

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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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