Five Below (NASDAQ:FIVE) Announces Quarterly Earnings Results

Five Below (NASDAQ:FIVE – Get Rating) released its earnings results on Wednesday. The specialty retailer reported $3.07 earnings per share for the quarter, hitting the consensus estimate of $3.07, Yahoo Finance reports. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Five Below had a net margin of 7.81% and a return on equity of 20.11%. Five Below’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 EPS.

Five Below Stock Performance

NASDAQ:FIVE opened at $198.17 on Thursday. The company has a fifty day moving average of $196.95 and a two-hundred day moving average of $167.70. The stock has a market capitalization of $11.00 billion, a PE ratio of 48.22, a P/E/G ratio of 1.84 and a beta of 1.15. Five Below has a fifty-two week low of $109.49 and a fifty-two week high of $212.56.

Insiders Place Their Bets

In other Five Below news, CMO Michael Romanko sold 3,750 shares of the company’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the completion of the transaction, the chief marketing officer now directly owns 8,901 shares in the company, valued at $1,704,541.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Five Below

A number of hedge funds have recently bought and sold shares of FIVE. 1832 Asset Management L.P. acquired a new stake in Five Below in the 4th quarter valued at about $99,794,000. Wasatch Advisors Inc. raised its holdings in Five Below by 21.4% in the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after acquiring an additional 471,349 shares during the last quarter. Morgan Stanley grew its stake in shares of Five Below by 37.2% in the 4th quarter. Morgan Stanley now owns 1,058,383 shares of the specialty retailer’s stock valued at $187,196,000 after buying an additional 286,839 shares during the period. Norges Bank purchased a new stake in shares of Five Below in the 4th quarter valued at approximately $50,684,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Five Below by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock worth $482,922,000 after purchasing an additional 259,012 shares during the period.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Craig Hallum upped their price objective on shares of Five Below from $178.00 to $200.00 in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Five Below from $205.00 to $201.00 in a report on Friday, December 2nd. William Blair assumed coverage on shares of Five Below in a report on Wednesday, December 7th. They issued an “outperform” rating on the stock. Credit Suisse Group assumed coverage on shares of Five Below in a report on Monday, December 19th. They issued a “neutral” rating and a $185.00 price objective on the stock. Finally, Truist Financial upped their price objective on shares of Five Below from $196.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.42.

About Five Below

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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.