Jefferies Financial Group Comments on Five Below Inc’s Q1 2020 Earnings (NASDAQ:FIVE)

Five Below Inc (NASDAQ:FIVE) – Stock analysts at Jefferies Financial Group issued their Q1 2020 earnings estimates for shares of Five Below in a research report issued on Thursday, March 28th, according to Zacks Investment Research. Jefferies Financial Group analyst R. Konik anticipates that the specialty retailer will earn $0.35 per share for the quarter. Jefferies Financial Group also issued estimates for Five Below’s Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $1.97 EPS and FY2020 earnings at $3.07 EPS.

Other equities analysts have also issued reports about the company. BidaskClub lowered Five Below from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 15th. Goldman Sachs Group upgraded Five Below from a “buy” rating to a “conviction-buy” rating and set a $147.00 target price for the company in a research note on Thursday, March 28th. ValuEngine upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 24th. JPMorgan Chase & Co. lowered Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 target price for the company. in a research note on Friday, February 22nd. Finally, Evercore ISI began coverage on Five Below in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $140.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $127.90.

Shares of NASDAQ FIVE traded up $1.91 during trading on Friday, reaching $141.65. The company had a trading volume of 1,086,408 shares, compared to its average volume of 1,525,113. Five Below has a twelve month low of $69.37 and a twelve month high of $141.88. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 55.12, a price-to-earnings-growth ratio of 1.59 and a beta of 0.60.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.01. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The company had revenue of $602.68 million during the quarter, compared to analysts’ expectations of $601.53 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Five Below by 1.8% in the fourth quarter. BlackRock Inc. now owns 6,691,838 shares of the specialty retailer’s stock worth $684,706,000 after buying an additional 116,413 shares during the period. Vanguard Group Inc. boosted its position in shares of Five Below by 5.4% in the third quarter. Vanguard Group Inc. now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after buying an additional 261,259 shares during the period. Vanguard Group Inc boosted its position in shares of Five Below by 5.4% in the third quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after buying an additional 261,259 shares during the period. Congress Asset Management Co. MA boosted its position in shares of Five Below by 633.8% in the fourth quarter. Congress Asset Management Co. MA now owns 856,355 shares of the specialty retailer’s stock worth $87,622,000 after buying an additional 739,646 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Five Below by 47.6% in the fourth quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock worth $79,855,000 after buying an additional 251,655 shares during the period. 95.64% of the stock is owned by hedge funds and other institutional investors.

In other Five Below news, EVP Michael Romanko sold 7,881 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $134.00, for a total transaction of $1,056,054.00. Following the completion of the sale, the executive vice president now owns 27,907 shares of the company’s stock, valued at $3,739,538. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Eric M. Specter sold 15,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $133.60, for a total value of $2,004,000.00. Following the sale, the chief accounting officer now directly owns 35,108 shares of the company’s stock, valued at approximately $4,690,428.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,881 shares of company stock valued at $6,991,854. 2.60% of the stock is owned by company insiders.

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 and Estimates for Five Below (NASDAQ:FIVE)

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