Analysts Anticipate Five Below, Inc. (NASDAQ:FIVE) Will Post Quarterly Sales of $654.50 Million

Equities research analysts expect that Five Below, Inc. (NASDAQ:FIVEGet Rating) will announce sales of $654.50 million for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Five Below’s earnings. The lowest sales estimate is $651.60 million and the highest is $658.00 million. Five Below reported sales of $597.82 million during the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Five Below will report full-year sales of $3.22 billion for the current year, with estimates ranging from $3.18 billion to $3.26 billion. For the next year, analysts forecast that the firm will report sales of $3.87 billion, with estimates ranging from $3.78 billion to $3.94 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Five Below.

Five Below (NASDAQ:FIVEGet Rating) last issued its quarterly earnings results on Wednesday, March 30th. The specialty retailer reported $2.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.48 by $0.01. The company had revenue of $996.30 million during the quarter, compared to analyst estimates of $1.01 billion. Five Below had a net margin of 9.79% and a return on equity of 27.29%. Five Below’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS.

Several research analysts recently issued reports on FIVE shares. Telsey Advisory Group decreased their price target on shares of Five Below from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Thursday, March 31st. JPMorgan Chase & Co. cut their price objective on shares of Five Below from $252.00 to $207.00 and set an “overweight” rating on the stock in a research report on Thursday, March 17th. Loop Capital cut their price objective on shares of Five Below from $210.00 to $165.00 in a research report on Thursday, March 31st. UBS Group raised shares of Five Below from a “neutral” rating to a “buy” rating and cut their price objective for the company from $215.00 to $200.00 in a research report on Monday, March 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Five Below from $276.00 to $284.00 and gave the company a “buy” rating in a research report on Thursday, March 31st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $223.72.

Shares of Five Below stock traded up $5.53 during trading on Friday, hitting $182.53. The company’s stock had a trading volume of 6,957 shares, compared to its average volume of 880,400. The company has a fifty day simple moving average of $164.32 and a two-hundred day simple moving average of $181.19. The company has a market capitalization of $10.17 billion, a PE ratio of 35.76, a P/E/G ratio of 1.67 and a beta of 1.38. Five Below has a 52 week low of $143.44 and a 52 week high of $237.86.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CNA Financial Corp boosted its holdings in shares of Five Below by 1.2% in the fourth quarter. CNA Financial Corp now owns 5,140 shares of the specialty retailer’s stock worth $1,063,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Five Below by 0.4% in the third quarter. Arizona State Retirement System now owns 15,252 shares of the specialty retailer’s stock worth $2,697,000 after buying an additional 65 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Five Below by 7.0% in the fourth quarter. Fifth Third Bancorp now owns 1,015 shares of the specialty retailer’s stock worth $210,000 after buying an additional 66 shares during the last quarter. People s United Financial Inc. boosted its holdings in shares of Five Below by 1.0% in the third quarter. People s United Financial Inc. now owns 7,284 shares of the specialty retailer’s stock worth $1,288,000 after buying an additional 74 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Five Below by 71.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 185 shares of the specialty retailer’s stock worth $33,000 after buying an additional 77 shares during the last quarter. 99.35% of the stock is currently owned by institutional investors.

About Five Below (Get Rating)

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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