Five Below (NASDAQ:FIVE) Posts Earnings Results, Beats Expectations By $0.28 EPS

Key Points

• Five Below exceeded quarterly expectations, reporting earnings of $1.68 per share versus the $1.40 consensus estimate and revenue of $1.26 billion compared with expectations of $1.22 billion.
• Shares fell $2.00 to $243.08 despite the earnings beat. The stock has a market capitalization of $13.44 billion and trades at a price-to-earnings ratio of 30.69.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and a $267.45 average price target, although several firms recently downgraded the stock or lowered their ratings.

Five Below (NASDAQ:FIVE - Get Free Report) posted its quarterly earnings results on Wednesday. The specialty retailer reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.28, FiscalAI reports. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Five Below had a return on equity of 21.31% and a net margin of 8.67%.

Five Below Price Performance

Shares of FIVE stock traded down $2.00 on Wednesday, hitting $243.08. 1,738,097 shares of the stock traded hands, compared to its average volume of 1,163,333. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 1.28 and a beta of 0.99. Five Below has a 52 week low of $137.77 and a 52 week high of $263.88. The firm has a 50 day simple moving average of $214.60 and a two-hundred day simple moving average of $217.04.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of research analyst reports. Loop Capital lowered shares of Five Below from a "buy" rating to a "hold" rating and set a $250.00 price target for the company. in a research note on Tuesday, August 25th. Sanford C. Bernstein upgraded shares of Five Below from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $247.00 to $250.00 in a report on Tuesday, July 21st. Royal Bank Of Canada lowered shares of Five Below to a "sector perform" rating in a research note on Thursday, July 9th. Weiss Ratings cut Five Below from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, June 5th. Finally, Morgan Stanley downgraded Five Below from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $267.45.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of Five Below by 24.1% during the fourth quarter. Pacer Advisors Inc. now owns 8,993 shares of the specialty retailer's stock valued at $1,694,000 after buying an additional 1,748 shares during the last quarter. Invesco Ltd. boosted its position in shares of Five Below by 108.0% during the fourth quarter. Invesco Ltd. now owns 886,154 shares of the specialty retailer's stock worth $166,916,000 after acquiring an additional 460,112 shares during the last quarter. Corient Private Wealth LLC grew its stake in Five Below by 2,952.0% during the fourth quarter. Corient Private Wealth LLC now owns 151,073 shares of the specialty retailer's stock valued at $28,456,000 after acquiring an additional 146,123 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Five Below by 112.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,556 shares of the specialty retailer's stock valued at $3,307,000 after acquiring an additional 9,275 shares during the last quarter. Finally, Virtue Capital Management LLC increased its holdings in Five Below by 25.7% in the 4th quarter. Virtue Capital Management LLC now owns 6,810 shares of the specialty retailer's stock valued at $1,317,000 after acquiring an additional 1,391 shares during the last quarter.

Five Below Company Profile

Five Below, Inc NASDAQ: FIVE is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

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