Five Below (NASDAQ:FIVE) Announces Quarterly Earnings Results

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

Five Below Stock Up 2.3 %

Shares of FIVE stock opened at $75.59 on Thursday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below has a 52 week low of $64.87 and a 52 week high of $209.79. The firm has a 50 day moving average of $88.76 and a 200-day moving average of $92.63.

Analyst Upgrades and Downgrades

Several research analysts have commented on FIVE shares. William Blair reissued a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Morgan Stanley upped their price objective on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Guggenheim upped their price objective on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price objective on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group lowered their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday. 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.37.

Insider Transactions at Five Below

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

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.