Five Below (NASDAQ:FIVE) Posts Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Five Below (NASDAQ:FIVE) released its quarterly earnings results on Wednesday. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26, Zacks reports. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. Five Below updated its Q4 guidance to $3.23-3.41 EPS.

Five Below Stock Up 1.7 %

Shares of NASDAQ FIVE traded up $1.77 during midday trading on Wednesday, reaching $104.97. 3,938,411 shares of the company were exchanged, compared to its average volume of 1,486,040. Five Below has a one year low of $64.87 and a one year high of $216.18. The stock has a market cap of $5.77 billion, a P/E ratio of 20.31, a PEG ratio of 1.09 and a beta of 1.19. The stock’s 50-day moving average price is $90.69 and its 200-day moving average price is $94.55.

Analyst Ratings Changes

Several equities analysts recently weighed in on FIVE shares. Craig Hallum boosted their price objective on Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Truist Financial upped their price target on Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday. Melius Research assumed coverage on Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. Finally, Telsey Advisory Group lowered Five Below from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $102.00 to $95.00 in a research note on Monday, November 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $106.60.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.