Five Below (NASDAQ:FIVE) Announces Earnings Results

Five Below (NASDAQ:FIVE) announced its quarterly earnings data on Wednesday. The specialty retailer reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.28, FiscalAI reports. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Five Below had a net margin of 8.67% and a return on equity of 21.31%.

Five Below Stock Down 0.8%

Shares of FIVE stock traded down $2.00 during trading on Wednesday, reaching $243.08. The company’s stock had a trading volume of 1,760,187 shares, compared to its average volume of 1,163,333. Five Below has a one year low of $137.77 and a one year high of $263.88. The business has a fifty day moving average price of $214.60 and a 200-day moving average price of $217.04. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99.

Analysts Set New Price Targets

A number of research firms have issued reports on FIVE. Citigroup raised Five Below from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. BNP Paribas Exane cut Five Below from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Barclays decreased their price objective on Five Below from $240.00 to $224.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Susquehanna cut Five Below to a “neutral” rating in a research note on Tuesday, July 21st. Finally, HSBC upgraded shares of Five Below to a “hold” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.45.

Institutional Trading of Five Below

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP increased its holdings in Five Below by 54.6% during the fourth quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock worth $336,254,000 after buying an additional 630,710 shares during the last quarter. Federated Hermes Inc. grew its holdings in Five Below by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 1,508,393 shares of the specialty retailer’s stock valued at $284,121,000 after buying an additional 45,761 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Five Below by 40.6% in the fourth quarter. Wellington Management Group LLP now owns 1,192,697 shares of the specialty retailer’s stock valued at $224,656,000 after acquiring an additional 344,592 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Five Below by 176.0% during the fourth quarter. AQR Capital Management LLC now owns 1,168,832 shares of the specialty retailer’s stock worth $220,161,000 after purchasing an additional 745,272 shares during the period. Finally, Samlyn Capital LLC raised its holdings in Five Below by 26.0% in the 3rd quarter. Samlyn Capital LLC now owns 944,116 shares of the specialty retailer’s stock valued at $146,055,000 after acquiring an additional 194,795 shares in the last quarter.

About Five Below

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.