Five Below (FIVE) Projected to Post Earnings on Wednesday

Five Below (NASDAQ:FIVE) is expected to be posting its quarterly earnings results before the market opens on Wednesday, March 19th. Analysts expect Five Below to post earnings of $3.35 per share and revenue of $1.38 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Five Below Stock Up 1.9 %

NASDAQ FIVE opened at $74.37 on Tuesday. The stock’s 50-day moving average price is $89.81 and its 200-day moving average price is $92.76. Five Below has a 52 week low of $64.87 and a 52 week high of $209.79. The company has a market capitalization of $4.09 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley raised their price objective on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their target price on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Barclays lifted their target price on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Guggenheim lifted their target price on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup lifted their target price on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.32.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

About Five Below

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.