Five Below (FIVE) Announces Quarterly Earnings Results

Five Below (NASDAQ:FIVE) issued its earnings results on Wednesday. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05, Bloomberg Earnings reports. Five Below had a net margin of 8.83% and a return on equity of 25.97%. Five Below updated its Q4 2018 guidance to $1.53-1.57 EPS and its FY 2018 guidance to $2.60-2.64 EPS.

FIVE stock opened at $104.58 on Thursday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 58.42, a PEG ratio of 1.37 and a beta of 0.52. Five Below has a 1-year low of $60.00 and a 1-year high of $136.13.

In related news, EVP Michael Romanko sold 3,308 shares of Five Below stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $126.00, for a total value of $416,808.00. Following the completion of the sale, the executive vice president now directly owns 18,092 shares in the company, valued at $2,279,592. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David N. Makuen sold 12,000 shares of Five Below stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $116.43, for a total value of $1,397,160.00. Following the completion of the sale, the insider now owns 20,863 shares of the company’s stock, valued at $2,429,079.09. The disclosure for this sale can be found here. Insiders sold 19,303 shares of company stock valued at $2,346,022 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on the stock. Credit Suisse Group boosted their target price on shares of Five Below from $110.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, September 7th. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Tuesday, August 21st. Dougherty & Co lowered shares of Five Below from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Finally, Citigroup boosted their target price on shares of Five Below from $117.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Five Below presently has an average rating of “Buy” and a consensus target price of $119.59.

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Five Below Company Profile

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 beauty products comprising nail polish, lip gloss, fragrance, 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 for Five Below (NASDAQ:FIVE)

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