Five Below (NASDAQ:FIVE) Announces Earnings Results

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

Five Below Trading Up 1.7 %

NASDAQ:FIVE traded up $1.77 during trading hours on Wednesday, hitting $104.97. The company’s stock had a trading volume of 3,867,112 shares, compared to its average volume of 1,486,040. The stock has a market capitalization of $5.77 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19. The stock has a fifty day moving average of $90.69 and a 200-day moving average of $94.55. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FIVE. Melius Research began coverage on Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $89.00 to $95.00 in a research note on Thursday, September 19th. Mizuho restated a “neutral” rating and set a $85.00 price target on shares of Five Below in a research report on Thursday, October 3rd. UBS Group cut their price objective on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, KeyCorp downgraded shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.