Five Below (NASDAQ:FIVE) Announces Earnings Results

Five Below (NASDAQ:FIVE) announced its quarterly earnings results on Wednesday. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26, Zacks reports. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Five Below’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. Five Below updated its Q4 guidance to $3.23-3.41 EPS.

Five Below Price Performance

Shares of FIVE stock opened at $104.97 on Thursday. The company has a market capitalization of $5.77 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18. The firm’s 50-day moving average is $90.69 and its two-hundred day moving average is $94.55. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18.

Wall Street Analyst Weigh In

FIVE has been the topic of a number of research reports. Craig Hallum lifted their price target on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Telsey Advisory Group downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $102.00 to $95.00 in a research note on Monday, November 25th. KeyCorp downgraded shares of Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Truist Financial increased their price objective on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group dropped their price objective on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Five Below currently has an average rating of “Hold” and an average price target of $106.60.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.