Five Below (NASDAQ:FIVE) Updates FY 2019 After-Hours Earnings Guidance

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Five Below (NASDAQ:FIVE) updated its FY 2019
After-Hours earnings guidance on Wednesday. The company provided earnings per share guidance of 3.11-3.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.15. The company issued revenue guidance of $1.877-1.892 billion, compared to the consensus revenue estimate of $1.89 billion.Five Below also updated its Q4 2019
After-Hours guidance to 1.97-2.05 EPS.

A number of research firms have issued reports on FIVE. UBS Group cut their price objective on shares of Five Below from $132.00 to $124.00 and set a neutral rating for the company in a report on Tuesday, August 20th. Loop Capital set a $145.00 price objective on shares of Five Below and gave the company a buy rating in a report on Monday, September 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Five Below from $140.00 to $143.00 and gave the company an overweight rating in a report on Thursday, August 29th. Bank of America set a $150.00 price objective on shares of Five Below and gave the company a buy rating in a report on Monday, August 12th. Finally, BidaskClub downgraded shares of Five Below from a hold rating to a sell rating in a report on Saturday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Five Below presently has an average rating of Buy and a consensus target price of $137.78.

Shares of Five Below stock traded up $2.04 on Wednesday, reaching $118.06. 3,159,145 shares of the stock were exchanged, compared to its average volume of 1,000,913. The firm’s 50 day moving average is $126.28 and its 200-day moving average is $124.54. Five Below has a one year low of $86.57 and a one year high of $148.21. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.09 and a current ratio of 1.98. The firm has a market cap of $6.89 billion, a PE ratio of 45.94, a P/E/G ratio of 1.68 and a beta of 0.53.

In other news, Director Thomas Vellios sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $133.31, for a total transaction of $7,998,600.00. Following the completion of the sale, the director now owns 604,186 shares of the company’s stock, valued at approximately $80,544,035.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

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

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