Brokerages Anticipate Five Below, Inc. (NASDAQ:FIVE) Will Announce Earnings of $0.60 Per Share

Brokerages predict that Five Below, Inc. (NASDAQ:FIVE – Get Rating) will announce earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Five Below’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.63. Five Below reported earnings of $0.88 per share during the same quarter last year, which would indicate a negative year over year growth rate of 31.8%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Five Below will report full-year earnings of $5.55 per share for the current year, with EPS estimates ranging from $5.33 to $5.70. For the next fiscal year, analysts anticipate that the business will report earnings of $6.80 per share, with EPS estimates ranging from $6.33 to $7.10. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Five Below.

Five Below (NASDAQ:FIVE – Get Rating) last announced its quarterly earnings data on Wednesday, March 30th. The specialty retailer reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.01. The company had revenue of $996.30 million for the quarter, compared to analysts’ expectations of $1.01 billion. Five Below had a return on equity of 27.29% and a net margin of 9.79%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS.

A number of equities analysts have recently issued reports on the company. StockNews.com initiated coverage on Five Below in a research report on Thursday, March 31st. They set a “hold” rating for the company. Loop Capital reduced their price objective on Five Below from $210.00 to $165.00 in a research note on Thursday, March 31st. Deutsche Bank Aktiengesellschaft raised their target price on Five Below from $276.00 to $284.00 and gave the company a “buy” rating in a report on Thursday, March 31st. JPMorgan Chase & Co. dropped their price target on Five Below from $252.00 to $207.00 and set an “overweight” rating on the stock in a report on Thursday, March 17th. Finally, Telsey Advisory Group lowered their target price on Five Below from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Thursday, March 31st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Five Below currently has an average rating of “Buy” and an average target price of $223.72.

Shares of FIVE traded up $5.53 during trading hours on Thursday, hitting $182.53. 6,957 shares of the company were exchanged, compared to its average volume of 880,400. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 1.67 and a beta of 1.38. Five Below has a fifty-two week low of $143.44 and a fifty-two week high of $237.86. The firm’s fifty day moving average is $164.32 and its 200 day moving average is $181.19.

A number of institutional investors and hedge funds have recently made changes to their positions in FIVE. Acadian Asset Management LLC purchased a new stake in Five Below in the fourth quarter valued at approximately $28,000. Atticus Wealth Management LLC acquired a new stake in shares of Five Below in the 4th quarter worth about $29,000. O Shaughnessy Asset Management LLC grew its position in Five Below by 71.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 185 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Five Below by 105.8% during the 3rd quarter. Advisory Services Network LLC now owns 214 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 110 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Five Below during the 3rd quarter valued at about $45,000. Institutional investors own 99.35% of the company’s stock.

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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