Five Below (FIVE) Set to Announce Earnings on Thursday

Five Below (NASDAQ:FIVE – Get Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, June 1st. Analysts expect Five Below to post earnings of $0.62 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Five Below (NASDAQ:FIVE – Get Rating) last announced its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 earnings per share for the quarter, meeting the consensus estimate of $3.07. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Five Below had a return on equity of 21.69% and a net margin of 8.50%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 EPS. On average, analysts expect Five Below to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Five Below Price Performance

Shares of Five Below stock opened at $185.88 on Thursday. The business’s fifty day moving average price is $199.94 and its two-hundred day moving average price is $189.42. The company has a market capitalization of $10.35 billion, a P/E ratio of 39.63, a PEG ratio of 1.49 and a beta of 1.16. Five Below has a 1-year low of $109.49 and a 1-year high of $220.19.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIVE. Barclays began coverage on Five Below in a research note on Tuesday, February 7th. They set an “overweight” rating and a $219.00 target price on the stock. Oppenheimer reiterated an “outperform” rating on shares of Five Below in a research report on Friday, March 17th. JPMorgan Chase & Co. lowered their price target on Five Below from $239.00 to $237.00 and set an “overweight” rating on the stock in a research report on Thursday, March 16th. Guggenheim lifted their price target on Five Below from $210.00 to $220.00 in a research report on Thursday, March 16th. Finally, Bank of America lifted their price target on Five Below from $220.00 to $242.00 and gave the company a “buy” rating in a research report on Wednesday, April 12th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $210.22.

Insider Activity

In other news, insider George Hill sold 2,568 shares of Five Below stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $200.34, for a total transaction of $514,473.12. Following the transaction, the insider now owns 24,398 shares in the company, valued at $4,887,895.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider George Hill sold 2,568 shares of Five Below stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $200.34, for a total transaction of $514,473.12. Following the completion of the sale, the insider now owns 24,398 shares of the company’s stock, valued at $4,887,895.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joel D. Anderson sold 13,653 shares of Five Below stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $218.97, for a total value of $2,989,597.41. Following the sale, the chief executive officer now directly owns 90,855 shares of the company’s stock, valued at approximately $19,894,519.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,538 shares of company stock worth $6,879,774. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its stake in shares of Five Below by 93.0% in the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 93 shares during the period. CENTRAL TRUST Co increased its stake in shares of Five Below by 29.6% in the third quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 80 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Five Below in the fourth quarter worth about $70,000. Covestor Ltd increased its stake in shares of Five Below by 108.6% in the first quarter. Covestor Ltd now owns 582 shares of the specialty retailer’s stock worth $92,000 after purchasing an additional 303 shares during the period. Finally, Belpointe Asset Management LLC increased its stake in shares of Five Below by 14.9% in the first quarter. Belpointe Asset Management LLC now owns 585 shares of the specialty retailer’s stock worth $120,000 after purchasing an additional 76 shares during the period.

Five Below Company Profile

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.