KeyCorp Comments on Five Below Inc’s Q1 2019 Earnings (FIVE)

Five Below Inc (NASDAQ:FIVE) – Equities researchers at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for shares of Five Below in a report issued on Wednesday. KeyCorp analyst B. Thomas expects that the specialty retailer will earn $0.34 per share for the quarter. KeyCorp also issued estimates for Five Below’s FY2019 earnings at $2.40 EPS.

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Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. The firm had revenue of $505.00 million for the quarter, compared to analyst estimates of $502.74 million. Five Below had a return on equity of 26.00% and a net margin of 8.02%. The company’s revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS.

FIVE has been the topic of a number of other research reports. Deutsche Bank raised Five Below from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, January 3rd. MKM Partners raised their target price on Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, November 28th. Dougherty & Co raised their target price on Five Below from $68.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Jefferies Group raised their target price on Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Barclays reaffirmed a “hold” rating and issued a $60.00 target price on shares of Five Below in a report on Sunday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $66.09.

Shares of Five Below (FIVE) opened at $71.71 on Monday. The stock has a market capitalization of $3,829.50, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 1.00 and a beta of 0.62. Five Below has a fifty-two week low of $41.75 and a fifty-two week high of $73.55.

Five Below declared that its board has approved a stock buyback program on Wednesday, March 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds have recently made changes to their positions in the business. Wasatch Advisors Inc. lifted its position in shares of Five Below by 7.5% in the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock worth $138,056,000 after acquiring an additional 144,473 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Five Below by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock worth $64,914,000 after buying an additional 30,368 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Five Below during the 4th quarter worth approximately $69,990,000. Millennium Management LLC lifted its position in shares of Five Below by 121.5% during the 4th quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock worth $52,642,000 after buying an additional 435,463 shares during the period. Finally, TimesSquare Capital Management LLC lifted its position in shares of Five Below by 10.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 756,150 shares of the specialty retailer’s stock worth $41,498,000 after buying an additional 69,340 shares during the period.

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About Five Below

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.

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

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