Jefferies Financial Group Comments on Five Below, Inc.’s FY2021 Earnings (NASDAQ:FIVE)


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Five Below, Inc. (NASDAQ:FIVE) – Research analysts at Jefferies Financial Group increased their FY2021 earnings per share (EPS) estimates for Five Below in a report released on Wednesday, January 13th. Jefferies Financial Group analyst R. Konik now forecasts that the specialty retailer will post earnings per share of $2.11 for the year, up from their prior estimate of $1.99. Jefferies Financial Group currently has a “Buy” rating and a $190.00 price target on the stock. Jefferies Financial Group also issued estimates for Five Below’s Q4 2022 earnings at $2.82 EPS, FY2022 earnings at $4.15 EPS and FY2023 earnings at $5.10 EPS.

A number of other equities analysts also recently weighed in on FIVE. ValuEngine downgraded Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Barclays upped their target price on Five Below from $120.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, December 3rd. The Goldman Sachs Group upgraded Five Below from a “neutral” rating to a “buy” rating and upped their target price for the company from $124.00 to $194.00 in a report on Thursday, December 10th. Deutsche Bank Aktiengesellschaft upped their target price on Five Below from $174.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Oppenheimer reiterated a “buy” rating and issued a $195.00 target price (up previously from $140.00) on shares of Five Below in a report on Friday, December 11th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $165.78.

Shares of FIVE opened at $192.60 on Thursday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 98.77, a P/E/G ratio of 3.65 and a beta of 1.14. Five Below has a fifty-two week low of $47.53 and a fifty-two week high of $195.54. The business’s 50-day moving average is $166.22 and its 200-day moving average is $133.86.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Tuesday, December 1st. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.16. The firm had revenue of $476.61 million for the quarter, compared to the consensus estimate of $444.91 million. Five Below had a return on equity of 14.72% and a net margin of 6.13%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 EPS.

In other news, CAO Eric M. Specter sold 12,800 shares of the company’s stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $161.92, for a total transaction of $2,072,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,954 shares in the company, valued at $7,278,951.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald Sargent sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 18th. The stock was sold at an average price of $159.71, for a total value of $3,194,200.00. Following the transaction, the director now owns 12,445 shares of the company’s stock, valued at $1,987,590.95. The disclosure for this sale can be found here. Insiders have sold 73,461 shares of company stock valued at $11,823,259 in the last ninety days. Company insiders own 2.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its holdings in shares of Five Below by 43.2% during the third quarter. Cullen Frost Bankers Inc. now owns 338 shares of the specialty retailer’s stock worth $43,000 after buying an additional 102 shares during the last quarter. Tompkins Financial Corp lifted its holdings in shares of Five Below by 62.5% during the third quarter. Tompkins Financial Corp now owns 364 shares of the specialty retailer’s stock worth $46,000 after buying an additional 140 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Five Below by 46.4% during the third quarter. Huntington National Bank now owns 388 shares of the specialty retailer’s stock worth $49,000 after buying an additional 123 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Five Below during the third quarter worth approximately $54,000. Finally, Private Advisor Group LLC acquired a new position in shares of Five Below during the second quarter worth approximately $59,000.

About Five Below

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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