Analysts expect Five Below (NASDAQ:FIVE) to post $0.32 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Five Below’s earnings, with estimates ranging from $0.31 to $0.34. Five Below posted earnings of $0.15 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 113.3%. The firm is expected to announce its next earnings results on Thursday, June 7th.
On average, analysts expect that Five Below will report full year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.42. For the next fiscal year, analysts forecast that the firm will report earnings of $2.91 per share, with EPS estimates ranging from $2.72 to $3.03. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Five Below.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Five Below had a net margin of 8.02% and a return on equity of 26.00%. The company had revenue of $505.00 million during the quarter, compared to the consensus estimate of $502.74 million. During the same quarter in the prior year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 30.2% on a year-over-year basis.
A number of equities analysts recently issued reports on the stock. Dougherty & Co upped their price objective on shares of Five Below from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. MKM Partners upped their price objective on shares of Five Below from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. BidaskClub cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 16th. Jefferies Group reiterated a “buy” rating and set a $85.00 price objective on shares of Five Below in a research report on Monday, January 8th. Finally, Buckingham Research lowered their price objective on shares of Five Below from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Tuesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Five Below currently has a consensus rating of “Buy” and an average price target of $63.50.
In other Five Below news, EVP Michael Romanko sold 6,227 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $77.17, for a total value of $480,537.59. Following the completion of the transaction, the executive vice president now directly owns 27,684 shares in the company, valued at approximately $2,136,374.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. increased its position in Five Below by 20.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,488 shares of the specialty retailer’s stock valued at $365,000 after acquiring an additional 930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Five Below by 53.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 943 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Five Below by 10.3% in the 4th quarter. Advisor Group Inc. now owns 11,123 shares of the specialty retailer’s stock valued at $737,000 after purchasing an additional 1,042 shares during the last quarter. Swiss National Bank boosted its stake in shares of Five Below by 1.2% in the 1st quarter. Swiss National Bank now owns 96,059 shares of the specialty retailer’s stock valued at $7,045,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Five Below by 14.0% in the 4th quarter. Profund Advisors LLC now owns 9,014 shares of the specialty retailer’s stock valued at $598,000 after purchasing an additional 1,104 shares during the last quarter.
Shares of Five Below stock traded down $0.72 on Monday, reaching $71.27. 1,326,369 shares of the stock were exchanged, compared to its average volume of 1,788,195. Five Below has a one year low of $44.30 and a one year high of $78.28. The company has a market cap of $3,993.71, a PE ratio of 39.82, a price-to-earnings-growth ratio of 1.14 and a beta of 0.60.
Five Below declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
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 beauty products comprising nail polish, lip gloss, fragrance, 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.
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