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.

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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.

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

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