Five Below (NASDAQ:FIVE) Sets New 1-Year Low on Disappointing Earnings

Shares of Five Below, Inc. (NASDAQ:FIVEGet Free Report) hit a new 52-week low during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $106.21 and last traded at $112.54, with a volume of 2573855 shares. The stock had previously closed at $132.79.

The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share.

Analyst Ratings Changes

FIVE has been the subject of a number of research analyst reports. Evercore ISI dropped their price target on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Mizuho decreased their price objective on Five Below from $215.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. Guggenheim lowered their price target on shares of Five Below from $230.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday. Finally, UBS Group reduced their price objective on Five Below from $245.00 to $223.00 and set a “buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.39.

Get Our Latest Stock Report on FIVE

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FIVE. Giverny Capital Inc. lifted its holdings in shares of Five Below by 1.7% during the third quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock valued at $103,711,000 after purchasing an additional 10,845 shares during the last quarter. AGF Management Ltd. bought a new position in shares of Five Below during the fourth quarter valued at $3,192,000. International Assets Investment Management LLC purchased a new position in shares of Five Below in the 4th quarter worth about $3,726,000. Charles Schwab Investment Management Inc. boosted its stake in Five Below by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock worth $86,260,000 after purchasing an additional 11,073 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. purchased a new stake in Five Below during the 4th quarter valued at about $2,783,000.

Five Below Trading Down 10.6 %

The firm has a market capitalization of $6.56 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17. The business’s 50 day simple moving average is $147.83 and its two-hundred day simple moving average is $178.21.

About Five Below

(Get Free Report)

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.

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