Wall Street brokerages predict that Five Below (NASDAQ:FIVE) will post earnings per share of $0.32 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Five Below’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.34. Five Below reported earnings of $0.15 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 113.3%. The business is expected to announce its next quarterly earnings report on Thursday, June 7th.
According to Zacks, 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 financial year, analysts expect that the business will report earnings of $2.91 per share, with EPS estimates ranging from $2.72 to $3.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Five Below.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 21st. The specialty retailer reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. Five Below had a return on equity of 26.00% and a net margin of 8.02%. The company had revenue of $505.00 million for the quarter, compared to analyst estimates of $502.74 million. During the same quarter in the previous year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year.
A number of equities research analysts have weighed in on the company. BidaskClub lowered Five Below from a “buy” rating to a “hold” rating in a report on Thursday. Credit Suisse Group assumed coverage on Five Below in a report on Tuesday, April 17th. They issued an “outperform” rating and a $5.00 price objective on the stock. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Loop Capital lifted their price objective on Five Below from $64.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, March 22nd. Finally, Buckingham Research lowered their price objective on Five Below from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, March 20th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Five Below presently has an average rating of “Buy” and a consensus target price of $63.50.
In other news, EVP Michael Romanko sold 6,227 shares of Five Below stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $77.17, for a total transaction of $480,537.59. Following the completion of the sale, the executive vice president now directly owns 27,684 shares in the company, valued at approximately $2,136,374.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in shares of Five Below during the 4th quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Five Below by 53.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 943 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of Five Below during the 1st quarter worth approximately $219,000. Pitcairn Co. acquired a new position in shares of Five Below during the 1st quarter worth approximately $224,000. Finally, We Are One Seven LLC raised its position in shares of Five Below by 173.7% during the 1st quarter. We Are One Seven LLC now owns 3,128 shares of the specialty retailer’s stock worth $229,000 after purchasing an additional 1,985 shares during the last quarter.
FIVE traded up $0.51 during trading on Thursday, reaching $73.19. The company’s stock had a trading volume of 513,160 shares, compared to its average volume of 1,268,686. Five Below has a 52-week low of $44.30 and a 52-week high of $78.28. The firm has a market capitalization of $3.99 billion, a PE ratio of 40.89, a P/E/G ratio of 1.13 and a beta of 0.60.
Five Below announced that its board has initiated a share buyback plan on Wednesday, March 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Five Below Company Profile
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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