Equities research analysts expect Five Below Inc (NASDAQ:FIVE) to announce sales of $501.46 million for the current quarter, according to Zacks. Three analysts have provided estimates for Five Below’s earnings. The highest sales estimate is $504.50 million and the lowest is $497.50 million. Five Below posted sales of $388.09 million in the same quarter last year, which suggests a positive year over year growth rate of 29.2%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, March 21st.
On average, analysts expect that Five Below will report full year sales of $501.46 million for the current financial year, with estimates ranging from $1.27 billion to $1.28 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.52 billion per share, with estimates ranging from $1.50 billion to $1.54 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Five Below.
FIVE has been the topic of several recent analyst reports. Loop Capital lowered shares of Five Below from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research note on Monday, November 20th. MKM Partners boosted their price objective on shares of Five Below from $59.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Jefferies Group boosted their price objective on shares of Five Below from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Thursday, November 30th. Finally, Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 target price for the company. in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.97.
Five Below (NASDAQ:FIVE) traded up $0.31 during trading on Monday, hitting $68.67. 617,036 shares of the stock traded hands, compared to its average volume of 1,031,267. The firm has a market cap of $3,769.80, a price-to-earnings ratio of 44.88, a PEG ratio of 0.98 and a beta of 0.62. Five Below has a one year low of $37.85 and a one year high of $73.55.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in Five Below by 24.1% in the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after purchasing an additional 412,641 shares during the period. Wasatch Advisors Inc. boosted its holdings in Five Below by 7.5% in the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock valued at $138,056,000 after purchasing an additional 144,473 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Five Below by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock valued at $64,914,000 after purchasing an additional 30,368 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new stake in Five Below in the 4th quarter valued at about $69,990,000. Finally, Millennium Management LLC boosted its holdings in Five Below by 121.5% in the 4th quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock valued at $52,642,000 after purchasing an additional 435,463 shares during the period.
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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.
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