Five Below Inc (NASDAQ:FIVE) Expected to Announce Quarterly Sales of $687.20 Million

Wall Street brokerages expect Five Below Inc (NASDAQ:FIVE) to post $687.20 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Five Below’s earnings. The highest sales estimate is $688.27 million and the lowest is $685.25 million. Five Below reported sales of $602.68 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The firm is scheduled to announce its next earnings report on Wednesday, March 25th.

According to Zacks, analysts expect that Five Below will report full-year sales of $1.85 billion for the current year, with estimates ranging from $1.84 billion to $1.85 billion. For the next financial year, analysts forecast that the company will report sales of $2.23 billion, with estimates ranging from $2.21 billion to $2.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Five Below.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $377.40 million for the quarter, compared to the consensus estimate of $373.64 million. Five Below had a net margin of 8.74% and a return on equity of 23.01%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS.

FIVE has been the topic of a number of research reports. Barclays dropped their price objective on shares of Five Below from $130.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. BidaskClub downgraded shares of Five Below from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 11th. Gordon Haskett downgraded shares of Five Below from a “buy” rating to an “accumulate” rating and dropped their price objective for the stock from $150.00 to $135.00 in a report on Wednesday, January 8th. Bank of America reissued a “buy” rating and issued a $150.00 price objective on shares of Five Below in a report on Thursday, December 5th. Finally, Credit Suisse Group raised shares of Five Below from a “neutral” rating to an “outperform” rating and set a $125.00 price objective on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $138.84.

In other Five Below news, EVP David N. Makuen sold 5,000 shares of Five Below stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $118.23, for a total transaction of $591,150.00. Following the transaction, the executive vice president now owns 20,148 shares of the company’s stock, valued at $2,382,098.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Sandy Spring Bank purchased a new position in Five Below during the third quarter valued at approximately $25,000. Squar Milner Financial Services LLC lifted its holdings in Five Below by 404.5% during the third quarter. Squar Milner Financial Services LLC now owns 222 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 178 shares in the last quarter. CWM LLC lifted its holdings in Five Below by 80.5% during the fourth quarter. CWM LLC now owns 287 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 128 shares in the last quarter. Tompkins Financial Corp purchased a new position in Five Below during the third quarter valued at approximately $38,000. Finally, Aigen Investment Management LP purchased a new position in Five Below during the fourth quarter valued at approximately $47,000. 95.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ FIVE traded down $2.56 during trading on Friday, reaching $115.65. 873,542 shares of the company traded hands, compared to its average volume of 841,070. The firm has a 50 day simple moving average of $117.06 and a 200-day simple moving average of $121.92. The company has a quick ratio of 0.52, a current ratio of 1.57 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $6.58 billion, a PE ratio of 42.21, a P/E/G ratio of 1.35 and a beta of 0.41. Five Below has a 52-week low of $95.52 and a 52-week high of $148.21.

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 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 d├ęcor, 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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