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

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 décor, 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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