Brokerages Anticipate Five Below Inc (FIVE) Will Post Earnings of $1.17 Per Share

Brokerages expect Five Below Inc (NASDAQ:FIVE) to announce $1.17 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Five Below’s earnings. The highest EPS estimate is $1.19 and the lowest is $1.14. Five Below posted earnings per share of $0.90 in the same quarter last year, which would suggest a positive year-over-year growth rate of 30%. The company is expected to announce its next earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Five Below will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.77 to $1.88. For the next year, analysts expect that the company will post earnings of $2.45 per share, with EPS estimates ranging from $2.30 to $2.58. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Five Below.

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 analysts’ consensus estimates of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The company had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 28.9% on a year-over-year basis.

A number of equities research analysts have recently weighed in on FIVE shares. Royal Bank of Canada lifted their price target on shares of Five Below to $67.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Thursday, November 30th. Jefferies Group lifted their price target on shares of Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Finally, Buckingham Research lifted their price target on shares of Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $64.33.

In other news, Director Ronald Sargent sold 80,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the completion of the transaction, the director now directly owns 29,429 shares in the company, valued at $1,930,248.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric M. Specter sold 15,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the transaction, the insider now owns 13,883 shares of the company’s stock, valued at $931,271.64. The disclosure for this sale can be found here. Insiders have sold 143,400 shares of company stock valued at $9,474,401 over the last quarter. Company insiders own 2.92% of the company’s stock.

Large investors have recently made changes to their positions in the company. Stifel Financial Corp grew its stake in shares of Five Below by 1.4% in the second quarter. Stifel Financial Corp now owns 15,614 shares of the specialty retailer’s stock worth $765,000 after purchasing an additional 214 shares during the last quarter. Amalgamated Bank grew its stake in shares of Five Below by 5.3% in the second quarter. Amalgamated Bank now owns 7,477 shares of the specialty retailer’s stock worth $369,000 after purchasing an additional 378 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Five Below by 6.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,848 shares of the specialty retailer’s stock worth $438,000 after purchasing an additional 506 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Five Below by 11.4% in the second quarter. Advisor Group Inc. now owns 5,870 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 599 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of Five Below by 21.9% in the third quarter. Raymond James Trust N.A. now owns 5,061 shares of the specialty retailer’s stock worth $277,000 after purchasing an additional 908 shares during the last quarter.

Shares of Five Below (NASDAQ FIVE) opened at $63.64 on Friday. Five Below has a 1 year low of $37.14 and a 1 year high of $73.55. The firm has a market cap of $3,421.26, a P/E ratio of 40.48, a PEG ratio of 0.88 and a beta of 0.67.

ILLEGAL ACTIVITY WARNING: “Brokerages Anticipate Five Below Inc (FIVE) Will Post Earnings of $1.17 Per Share” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://sportsperspectives.com/2018/02/07/brokerages-anticipate-five-below-inc-five-will-post-earnings-of-1-17-per-share.html.

About Five Below

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.

Get a free copy of the Zacks research report on Five Below (FIVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Five Below (NASDAQ:FIVE)

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply