Analysts Expect Five Below Inc (FIVE) Will Announce Quarterly Sales of $501.46 Million

Analysts expect Five Below Inc (NASDAQ:FIVE) to report sales of $501.46 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Five Below’s earnings, with estimates ranging from $497.50 million to $504.50 million. Five Below reported sales of $388.09 million in the same quarter last year, which indicates a positive year over year growth rate of 29.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 28th.

According to Zacks, analysts expect that Five Below will report full year sales of $501.46 million for the current fiscal year, with estimates ranging from $1.24 billion to $1.28 billion. For the next financial year, analysts anticipate that the business will post sales of $1.51 billion per share, with estimates ranging from $1.47 billion to $1.54 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Five Below.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share.

FIVE has been the topic of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a research note on Friday, November 10th. Zacks Investment Research lowered Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Morgan Stanley increased their price objective on Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 27th. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Finally, Wells Fargo & Co initiated coverage on Five Below in a research report on Friday, November 3rd. They set an “outperform” rating and a $65.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $64.33.

In other news, CEO Joel D. Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.00, for a total value of $1,340,000.00. Following the transaction, the chief executive officer now directly owns 127,693 shares in the company, valued at approximately $8,555,431. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the completion of the transaction, the insider now owns 13,883 shares in the company, valued at $931,271.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,400 shares of company stock worth $9,474,401. Company insiders own 3.22% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FIVE. Raymond James Trust N.A. purchased a new position in shares of Five Below in the 2nd quarter worth about $205,000. Miles Capital Inc. acquired a new stake in shares of Five Below in the second quarter valued at about $210,000. Riverhead Capital Management LLC grew its stake in shares of Five Below by 73.2% in the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after buying an additional 1,829 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Five Below in the third quarter valued at about $215,000. Finally, Montag & Caldwell LLC acquired a new stake in shares of Five Below in the third quarter valued at about $217,000.

Shares of Five Below (FIVE) opened at $67.52 on Friday. The company has a market capitalization of $3,689.16, a price-to-earnings ratio of 44.13, a P/E/G ratio of 1.29 and a beta of 0.84. Five Below has a 52 week low of $37.14 and a 52 week high of $73.55.

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Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

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

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