$498.87 Million in Sales Expected for Five Below Inc (FIVE) This Quarter

Equities analysts forecast that Five Below Inc (NASDAQ:FIVE) will announce sales of $498.87 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Five Below’s earnings. The lowest sales estimate is $497.30 million and the highest is $500.60 million. Five Below posted sales of $388.09 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.5%. The business is expected to announce its next earnings report on Wednesday, March 28th.

According to Zacks, analysts expect that Five Below will report full year sales of $498.87 million for the current fiscal year, with estimates ranging from $1.24 billion to $1.28 billion. For the next year, analysts forecast that the business will post sales of $1.51 billion per share, with estimates ranging from $1.47 billion to $1.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Five Below.

Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The company had revenue of $257.18 million for the quarter, compared to the consensus estimate of $246.04 million. Five Below had a return on equity of 10.60% and a net margin of 3.84%. Five Below’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share.

FIVE has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on Five Below to $67.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Thursday, November 30th. Jefferies Group raised their price target on Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. Finally, Buckingham Research raised their price target on Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $61.60.

In other news, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the sale, the insider now directly owns 13,883 shares of the company’s stock, valued at $931,271.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald Sargent sold 80,000 shares of Five Below stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total value of $5,247,200.00. Following the completion of the sale, the director now directly owns 29,429 shares in the company, valued at $1,930,248.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,400 shares of company stock worth $9,474,401. Insiders own 2.92% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Jennison Associates LLC increased its holdings in shares of Five Below by 24.1% in the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after purchasing an additional 412,641 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Five Below by 2.7% in the second quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock worth $96,225,000 after purchasing an additional 52,041 shares during the last quarter. State Street Corp increased its holdings in shares of Five Below by 2.8% in the second quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock worth $70,796,000 after purchasing an additional 38,532 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Five Below by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock worth $64,914,000 after purchasing an additional 30,368 shares during the last quarter. Finally, Oak Ridge Investments LLC increased its holdings in shares of Five Below by 0.8% in the second quarter. Oak Ridge Investments LLC now owns 1,064,249 shares of the specialty retailer’s stock worth $52,542,000 after purchasing an additional 8,498 shares during the last quarter.

Five Below (FIVE) opened at $69.16 on Wednesday. The firm has a market capitalization of $3,663.20, a price-to-earnings ratio of 45.20, a P/E/G ratio of 1.41 and a beta of 0.84. Five Below has a 52-week low of $37.14 and a 52-week high of $69.75.

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Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

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

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