Five Below (NASDAQ:FIVE) Issues Earnings Results

Five Below (NASDAQ:FIVE - Get Free Report) released its quarterly earnings data on Wednesday. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.38 by $0.10, Zacks reports. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $3.65 EPS. Five Below's revenue for the quarter was up 4.0% on a year-over-year basis.

Five Below Stock Up 0.2 %

NASDAQ FIVE traded up $0.13 during trading hours on Friday, reaching $76.24. The company's stock had a trading volume of 2,593,591 shares, compared to its average volume of 1,762,197. The firm's 50-day moving average price is $87.76 and its 200-day moving average price is $92.63. Five Below has a 1 year low of $64.87 and a 1 year high of $185.48. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares of the company's stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

FIVE has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price objective on Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a report on Friday. Wells Fargo & Company raised their target price on Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Telsey Advisory Group dropped their target price on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 18th. Truist Financial dropped their target price on Five Below from $93.00 to $86.00 and set a "hold" rating on the stock in a research report on Thursday. Finally, William Blair reissued a "market perform" rating on shares of Five Below in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $102.16.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.