$365.70 Million in Sales Expected for Five Below Inc (FIVE) This Quarter

Equities analysts expect Five Below Inc (NASDAQ:FIVE) to post $365.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Five Below’s earnings, with the highest sales estimate coming in at $366.26 million and the lowest estimate coming in at $364.50 million. Five Below posted sales of $296.32 million in the same quarter last year, which suggests a positive year-over-year growth rate of 23.4%. The business is expected to report its next quarterly earnings results on Wednesday, June 5th.

According to Zacks, analysts expect that Five Below will report full-year sales of $1.89 billion for the current year, with estimates ranging from $1.88 billion to $1.91 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.30 billion, with estimates ranging from $2.28 billion to $2.34 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Five Below.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.01. The company had revenue of $602.68 million during the quarter, compared to the consensus estimate of $601.53 million. Five Below had a net margin of 9.60% and a return on equity of 27.10%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS.

A number of brokerages recently weighed in on FIVE. ValuEngine raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Zacks Investment Research downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. BidaskClub downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Credit Suisse Group boosted their price objective on shares of Five Below from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price objective on shares of Five Below from $118.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $129.10.

Shares of NASDAQ:FIVE opened at $125.65 on Friday. Five Below has a fifty-two week low of $69.96 and a fifty-two week high of $148.21. The stock has a market cap of $7.13 billion, a P/E ratio of 48.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

In other Five Below news, Director Kathleen S. Barclay sold 2,500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $140.86, for a total value of $352,150.00. Following the completion of the transaction, the director now owns 13,135 shares in the company, valued at approximately $1,850,196.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joel D. Anderson sold 30,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the completion of the transaction, the chief executive officer now owns 192,174 shares of the company’s stock, valued at approximately $25,186,324.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,381 shares of company stock valued at $7,344,004. 2.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FIVE. Louisiana State Employees Retirement System lifted its stake in shares of Five Below by 0.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the specialty retailer’s stock worth $1,851,000 after acquiring an additional 100 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Five Below by 1.3% in the 1st quarter. Riverhead Capital Management LLC now owns 7,969 shares of the specialty retailer’s stock worth $990,000 after acquiring an additional 100 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Five Below by 6.6% in the 4th quarter. Wedbush Securities Inc. now owns 2,086 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 130 shares during the period. Insight Wealth Strategies LLC lifted its stake in shares of Five Below by 4.3% in the 1st quarter. Insight Wealth Strategies LLC now owns 3,244 shares of the specialty retailer’s stock worth $403,000 after acquiring an additional 133 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Five Below by 5.9% in the 4th quarter. Captrust Financial Advisors now owns 2,442 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 95.76% of the company’s stock.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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

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