Five Below (NASDAQ:FIVE) Shares Gap Up After Strong Earnings

Shares of Five Below, Inc. (NASDAQ:FIVE) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $104.97, but opened at $119.20. Five Below shares last traded at $117.17, with a volume of 1,505,643 shares.

The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIVE. Truist Financial upped their price objective on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Mizuho increased their price target on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $116.15.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in Five Below by 1,842.1% in the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after purchasing an additional 21,368 shares during the period. Cetera Advisors LLC grew its holdings in Five Below by 127.8% in the first quarter. Cetera Advisors LLC now owns 4,585 shares of the specialty retailer’s stock valued at $832,000 after purchasing an additional 2,572 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Five Below by 134.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,798 shares of the specialty retailer’s stock valued at $632,000 after purchasing an additional 3,327 shares during the period. Yarbrough Capital LLC grew its holdings in Five Below by 42.2% in the second quarter. Yarbrough Capital LLC now owns 8,491 shares of the specialty retailer’s stock valued at $925,000 after purchasing an additional 2,521 shares during the period. Finally, Riverbridge Partners LLC grew its holdings in Five Below by 5.5% in the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after purchasing an additional 72,020 shares during the period.

Five Below Price Performance

The firm has a fifty day simple moving average of $91.79 and a 200 day simple moving average of $94.63. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18.

Five Below Company Profile

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.