Equities analysts predict that Five Below Inc (NASDAQ:FIVE) will announce earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Five Below’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.37. Five Below posted earnings per share of $0.30 in the same quarter last year, which indicates a positive year over year growth rate of 26.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 29th.
On average, analysts expect that Five Below will report full-year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.48. For the next fiscal year, analysts forecast that the company will post earnings of $3.00 per share, with EPS estimates ranging from $2.90 to $3.09. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Five Below.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 6th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. Five Below had a return on equity of 26.59% and a net margin of 8.64%. The business had revenue of $296.32 million for the quarter, compared to analyst estimates of $291.14 million. During the same period in the previous year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year.
Several analysts recently weighed in on FIVE shares. Loop Capital boosted 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. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BidaskClub lowered Five Below from a “strong-buy” rating to a “buy” rating in a report on Monday, March 12th. Zacks Investment Research lowered Five Below from a “hold” rating to a “sell” rating in a report on Monday, May 28th. Finally, Credit Suisse Group started coverage on Five Below in a report on Tuesday, April 17th. They issued an “outperform” rating and a $5.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $95.12.
Shares of Five Below traded down $1.19, reaching $99.54, during midday trading on Thursday, according to Marketbeat.com. 888,520 shares of the company’s stock were exchanged, compared to its average volume of 1,390,931. Five Below has a 52-week low of $44.30 and a 52-week high of $103.99. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 55.61, a PEG ratio of 1.50 and a beta of 0.58.
Five Below declared that its Board of Directors has approved a share buyback plan on Wednesday, March 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
In other Five Below news, EVP Michael Romanko sold 6,227 shares of Five Below stock in a transaction that occurred on Wednesday, April 18th. The stock was 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 $2,136,374.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth R. Bull sold 19,204 shares of Five Below stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $99.00, for a total value of $1,901,196.00. Following the completion of the transaction, the chief financial officer now owns 72,990 shares of the company’s stock, valued at $7,226,010. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,104 shares of company stock valued at $3,040,893. 2.60% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Captrust Financial Advisors acquired a new position in Five Below in the fourth quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Five Below by 53.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock worth $180,000 after buying an additional 943 shares during the period. Zeke Capital Advisors LLC acquired a new position in shares of Five Below during the first quarter worth approximately $219,000. Pitcairn Co. acquired a new position in shares of Five Below during the first quarter worth approximately $224,000. Finally, We Are One Seven LLC boosted its position in shares of Five Below by 173.7% during the first quarter. We Are One Seven LLC now owns 3,128 shares of the specialty retailer’s stock worth $229,000 after buying an additional 1,985 shares during the period.
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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