Five Below Inc (FIVE) Expected to Announce Quarterly Sales of $501.46 Million

Wall Street analysts expect Five Below Inc (NASDAQ:FIVE) to report $501.46 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Five Below’s earnings. The highest sales estimate is $504.50 million and the lowest is $497.50 million. Five Below reported sales of $388.09 million in the same quarter last year, which indicates a positive year over year growth rate of 29.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, March 28th.

According to Zacks, analysts expect that Five Below will report full year sales of $501.46 million for the current fiscal year, with estimates ranging from $1.24 billion to $1.28 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.51 billion per share, with estimates ranging from $1.47 billion to $1.54 billion. Zacks Investment Research’s sales calculations 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 issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The company had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same quarter last year, the company earned $0.10 earnings per share. Five Below’s revenue for the quarter was up 28.9% on a year-over-year basis.

A number of analysts have recently weighed in on the stock. Jefferies Group reissued a “buy” rating and set a $85.00 price target on shares of Five Below in a research report on Monday, January 8th. Barclays reissued a “hold” rating and set a $60.00 price target on shares of Five Below in a research report on Sunday, December 3rd. UBS Group raised their price target on shares of Five Below from $52.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, December 1st. Gordon Haskett raised shares of Five Below from a “hold” rating to an “accumulate” rating in a research report on Wednesday, January 31st. Finally, KeyCorp reissued a “hold” rating on shares of Five Below in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $64.33.

Shares of Five Below (FIVE) opened at $61.94 on Tuesday. Five Below has a 1 year low of $37.14 and a 1 year high of $73.55. The firm has a market cap of $3,476.50, a P/E ratio of 41.14, a PEG ratio of 0.90 and a beta of 0.67.

In other Five Below news, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $67.08, for a total value of $1,006,200.00. Following the completion of the transaction, the insider now owns 13,883 shares of the company’s stock, valued at $931,271.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joel D. Anderson sold 20,000 shares of Five Below stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the completion of the transaction, the chief executive officer now directly owns 127,693 shares of the company’s stock, valued at approximately $8,555,431. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,400 shares of company stock valued at $9,474,401. 2.92% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in 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 period. Wasatch Advisors Inc. boosted its holdings in Five Below by 7.5% in the fourth quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock worth $138,056,000 after purchasing an additional 144,473 shares during the period. State Street Corp boosted its holdings in 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 period. Dimensional Fund Advisors LP lifted its stake in 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 valued at $64,914,000 after buying an additional 30,368 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in Five Below in the fourth quarter valued at $69,990,000.

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About Five Below

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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