Five Below, Inc. to Post Q3 2018 Earnings of $0.13 Per Share, KeyCorp Forecasts (FIVE)
Five Below, Inc. (NASDAQ:FIVE) – Stock analysts at KeyCorp boosted their Q3 2018 earnings estimates for Five Below in a research report issued to clients and investors on Wednesday. KeyCorp analyst B. Thomas now forecasts that the specialty retailer will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.12. KeyCorp has a “Overweight” rating and a $58.00 price objective on the stock. KeyCorp also issued estimates for Five Below’s Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $1.66 EPS and FY2019 earnings at $1.95 EPS.
Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm had revenue of $283.30 million during the quarter, compared to analyst estimates of $276.37 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. Five Below’s revenue for the quarter was up 28.7% on a year-over-year basis.
A number of other research analysts have also issued reports on FIVE. UBS AG boosted their price target on Five Below from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, June 2nd. Buckingham Research reissued a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Friday. BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and issued a $62.00 price objective on shares of Five Below in a research note on Wednesday, August 23rd. Finally, Dougherty & Co reissued a “buy” rating on shares of Five Below in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Five Below currently has an average rating of “Buy” and an average target price of $54.03.
Five Below (NASDAQ FIVE) opened at 48.00 on Monday. Five Below has a 1-year low of $35.03 and a 1-year high of $54.13. The stock has a market cap of $2.65 billion, a P/E ratio of 36.12 and a beta of 0.93. The company has a 50-day moving average of $48.44 and a 200 day moving average of $46.69.
In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.92% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in Five Below by 9.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock worth $12,041,000 after acquiring an additional 25,041 shares during the last quarter. Suffolk Capital Management LLC bought a new stake in Five Below during the 1st quarter worth approximately $1,300,000. Gotham Asset Management LLC bought a new stake in Five Below during the 1st quarter worth approximately $1,321,000. Quantitative Systematic Strategies LLC grew its position in Five Below by 91.4% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock worth $562,000 after acquiring an additional 5,584 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Five Below during the 1st quarter worth approximately $514,000.
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.
Receive News & Ratings for Five Below Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.