Five Below (NASDAQ:FIVE) Announces Earnings Results, Beats Expectations By $0.28 EPS

Five Below (NASDAQ:FIVEGet Free Report) released its quarterly earnings data on Wednesday. The specialty retailer reported $1.68 EPS for the quarter, beating the consensus estimate of $1.40 by $0.28, FiscalAI reports. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Five Below had a net margin of 8.67% and a return on equity of 21.31%.

Five Below Price Performance

Five Below stock traded down $2.00 during trading hours on Wednesday, reaching $243.08. The stock had a trading volume of 1,738,097 shares, compared to its average volume of 1,163,333. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 1.28 and a beta of 0.99. The business’s 50 day moving average price is $214.60 and its 200-day moving average price is $217.04. Five Below has a 52 week low of $137.77 and a 52 week high of $263.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lido Advisors LLC raised its stake in shares of Five Below by 2.7% during the 4th quarter. Lido Advisors LLC now owns 2,559 shares of the specialty retailer’s stock worth $482,000 after acquiring an additional 68 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Five Below by 3.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,047 shares of the specialty retailer’s stock valued at $386,000 after buying an additional 69 shares in the last quarter. Parallel Advisors LLC increased its position in Five Below by 17.5% during the 3rd quarter. Parallel Advisors LLC now owns 625 shares of the specialty retailer’s stock valued at $97,000 after buying an additional 93 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in Five Below by 0.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 22,158 shares of the specialty retailer’s stock valued at $4,246,000 after buying an additional 94 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Five Below by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,038 shares of the specialty retailer’s stock worth $384,000 after acquiring an additional 113 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Telsey Advisory Group raised their price target on shares of Five Below from $260.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Mizuho upped their target price on shares of Five Below from $260.00 to $278.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $334.00 target price on shares of Five Below in a research note on Tuesday. Weiss Ratings downgraded shares of Five Below from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, Sanford C. Bernstein upgraded Five Below from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $247.00 to $250.00 in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $267.45.

View Our Latest Stock Report on Five Below

About Five Below

(Get Free Report)

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

Further Reading

Earnings History for Five Below (NASDAQ:FIVE)

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