Five Below (NASDAQ:FIVE) Issues Quarterly Earnings Results

Five Below (NASDAQ:FIVE) issued its quarterly earnings results on Wednesday. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10, Zacks reports. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company earned $3.65 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis.

Five Below Stock Up 0.7 %

Shares of NASDAQ:FIVE opened at $76.11 on Friday. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.19 and a beta of 1.11. The business’s 50 day moving average is $88.30 and its 200 day moving average is $92.51. Five Below has a 12-month low of $64.87 and a 12-month high of $187.83.

Insider Activity at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FIVE shares. Guggenheim boosted their target price on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Loop Capital cut their target price on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Bank of America dropped their price target on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research note on Thursday. Finally, UBS Group reduced their price objective on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $104.00.

About Five Below

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.