Q2 2020 EPS Estimates for Five Below Inc (NASDAQ:FIVE) Raised by Analyst

Five Below Inc (NASDAQ:FIVE) – KeyCorp upped their Q2 2020 earnings estimates for Five Below in a research note issued to investors on Wednesday, June 5th, Zacks Investment Research reports. KeyCorp analyst B. Thomas now anticipates that the specialty retailer will earn $0.50 per share for the quarter, up from their previous forecast of $0.49. KeyCorp also issued estimates for Five Below’s Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $1.96 EPS and FY2021 earnings at $3.75 EPS.

Several other analysts have also recently weighed in on the stock. BidaskClub cut shares of Five Below from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 24th. Bank of America reissued a “buy” rating and set a $150.00 price target on shares of Five Below in a research note on Thursday, June 6th. Credit Suisse Group increased their price target on shares of Five Below from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Finally, UBS Group increased their price target on shares of Five Below from $120.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Five Below currently has an average rating of “Buy” and an average target price of $135.17.

Five Below stock traded down $0.76 during trading hours on Friday, hitting $120.02. 7,122,896 shares of the stock were exchanged, compared to its average volume of 1,257,628. The company has a quick ratio of 1.05, a current ratio of 1.89 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $6.72 billion, a PE ratio of 46.70, a P/E/G ratio of 1.43 and a beta of 0.80. Five Below has a 12 month low of $86.57 and a 12 month high of $148.21. The stock has a 50-day moving average of $128.84.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $364.76 million during the quarter, compared to analyst estimates of $362.28 million. Five Below had a net margin of 9.43% and a return on equity of 25.21%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rehmann Capital Advisory Group raised its holdings in shares of Five Below by 15.2% during the first quarter. Rehmann Capital Advisory Group now owns 598 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 79 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Five Below by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the specialty retailer’s stock worth $1,851,000 after acquiring an additional 100 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Five Below by 6.6% during the fourth quarter. Wedbush Securities Inc. now owns 2,086 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 130 shares during the period. Insight Wealth Strategies LLC raised its holdings in shares of Five Below by 4.3% during the first quarter. Insight Wealth Strategies LLC now owns 3,244 shares of the specialty retailer’s stock worth $403,000 after acquiring an additional 133 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Five Below by 5.9% during the fourth quarter. Captrust Financial Advisors now owns 2,442 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 135 shares during the period. Institutional investors own 95.60% of the company’s stock.

In other Five Below news, CFO Kenneth R. Bull sold 7,103 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $130.13, for a total value of $924,313.39. Following the sale, the chief financial officer now directly owns 79,227 shares in the company, valued at $10,309,809.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Eric M. Specter sold 15,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $133.60, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief accounting officer now owns 35,108 shares in the company, valued at $4,690,428.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,484 shares of company stock worth $8,268,317. Company insiders own 2.50% of the company’s stock.

About Five Below

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

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