Five Below (NASDAQ:FIVE) Releases Quarterly Earnings Results, Beats Estimates By $0.46 EPS

Five Below (NASDAQ:FIVE) released its quarterly earnings results on Wednesday. The specialty retailer reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.46, Zacks reports. Five Below had a return on equity of 17.13% and a net margin of 6.45%.

Five Below Price Performance

Five Below stock traded up $4.25 during trading hours on Wednesday, reaching $163.15. The stock had a trading volume of 3,240,594 shares, compared to its average volume of 1,743,128. Five Below has a 52 week low of $52.38 and a 52 week high of $168.98. The business’s 50 day moving average price is $154.52 and its 200-day moving average price is $141.08. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.33 and a beta of 1.17.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Loop Capital raised shares of Five Below from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $165.00 in a research report on Tuesday, August 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 target price on shares of Five Below in a research note on Thursday, October 2nd. UBS Group boosted their target price on shares of Five Below from $184.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, November 28th. The Goldman Sachs Group upped their price target on shares of Five Below from $143.00 to $162.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, Craig Hallum boosted their price objective on shares of Five Below from $164.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.83.

Hedge Funds Weigh In On Five Below

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Five Below in the 3rd quarter worth $32,000. iSAM Funds UK Ltd acquired a new position in Five Below in the 3rd quarter worth about $40,000. NewEdge Advisors LLC grew its stake in Five Below by 143.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 645 shares during the period. Danske Bank A S purchased a new stake in shares of Five Below during the third quarter worth about $93,000. Finally, Parallel Advisors LLC raised its holdings in shares of Five Below by 17.5% during the third quarter. Parallel Advisors LLC now owns 625 shares of the specialty retailer’s stock valued at $97,000 after acquiring an additional 93 shares during the last quarter.

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.