Five Below Inc (FIVE) Releases Earnings Results, Beats Expectations By $0.02 EPS

Five Below Inc (FIVE) reported quarterly earnings results on Thursday, Jun-2-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.10. The company posted revenue of $192.70 million in the period, compared to analysts expectations of $187.97 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Five Below Inc. Credit Suisse Resumed Five Below Inc on Apr 22, 2016 to “Outperform”, Price Target of the shares are set at $47.Company shares were Reiterated by RBC Capital Mkts on Mar 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .Company shares were Reiterated by Dougherty & Company on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $45 .

Five Below Inc opened for trading at $41.99 and hit $42.98 on the upside on Wednesday, eventually ending the session at $42.68, with a gain of 1.96% or 0.82 points. The heightened volatility saw the trading volume jump to 13,49,638 shares. Company has a market cap of $2,330 M.

In a different news, on Dec 16, 2015, Joel D Anderson (CEO) purchased 5,000 shares at $30.22 per share price. According to the SEC, on Sep 24, 2015, David M Mussafer (director) purchased 90,000 shares at $33.35 per share price.

Five Below Inc. (Five Below) is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers a range of products all priced at five dollars and below including select brands and licensed merchandise across a range of categories including Style Room Sports Tech Crafts Party Candy and Now. The Company operates 366 locations across 21 states. The Company’s stores have over 4000 stock-keeping units (SKUs) across a range of categories. The Company’s product groups include leisure fashion and home and party and snack. Leisure includes items such as sporting goods games toys tech books electronic accessories and arts and crafts. Fashion and home includes items such as personal accessories ‘attitude’ t-shirts beauty offerings home goods and storage options. Party and snack includes items such as party and seasonal goods greeting cards candy and other snacks and beverages.

Five Below Inc

Leave a Reply

Five Below Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Five Below Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.