$422.80 Million in Sales Expected for Five Below Inc (NASDAQ:FIVE) This Quarter

Equities research analysts predict that Five Below Inc (NASDAQ:FIVE) will post $422.80 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Five Below’s earnings, with estimates ranging from $420.80 million to $427.20 million. Five Below reported sales of $347.73 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.6%. The business is scheduled to report its next earnings results on Thursday, September 5th.

According to Zacks, analysts expect that Five Below will report full year sales of $1.90 billion for the current financial year, with estimates ranging from $1.88 billion to $1.92 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.30 billion, with estimates ranging from $2.25 billion to $2.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Five Below.

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

FIVE has been the topic of a number of research analyst reports. Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $128.00 to $140.00 in a research note on Monday, May 6th. They noted that the move was a valuation call. Credit Suisse Group increased their price objective 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. BidaskClub downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research note on Thursday. Morgan Stanley initiated coverage on shares of Five Below in a research note on Monday, July 1st. They set an “overweight” rating and a $135.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Five Below from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $133.00 to $150.00 in a research note on Thursday, April 11th. 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 given a strong buy rating to the company’s stock. Five Below currently has an average rating of “Buy” and a consensus target price of $134.89.

In other news, CFO Kenneth R. Bull sold 7,103 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $130.13, for a total value of $924,313.39. Following the transaction, the chief financial officer now directly owns 79,227 shares in the company, valued at approximately $10,309,809.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Waratah Capital Advisors Ltd. bought a new position in shares of Five Below in the 2nd quarter worth about $1,210,000. Zions Bancorporation N.A. acquired a new position in shares of Five Below in the second quarter worth about $213,000. Intrust Bank NA boosted its holdings in shares of Five Below by 15.8% in the first quarter. Intrust Bank NA now owns 5,598 shares of the specialty retailer’s stock worth $695,000 after buying an additional 762 shares during the period. GYL Financial Synergies LLC acquired a new position in shares of Five Below in the first quarter worth about $889,000. Finally, Accuvest Global Advisors boosted its holdings in shares of Five Below by 100.5% in the second quarter. Accuvest Global Advisors now owns 10,870 shares of the specialty retailer’s stock worth $1,305,000 after buying an additional 5,448 shares during the period. Institutional investors own 95.38% of the company’s stock.

FIVE stock traded down $0.90 on Friday, reaching $109.23. 1,271,959 shares of the company traded hands, compared to its average volume of 1,065,851. Five Below has a one year low of $86.57 and a one year high of $148.21. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.89. The company has a market cap of $6.11 billion, a P/E ratio of 42.50, a P/E/G ratio of 1.48 and a beta of 0.67. The firm’s fifty day simple moving average is $125.40.

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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