Five Below Inc (FIVE) reported quarterly earnings results on Wednesday, Aug-31-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.17. The company posted revenue of $220.13 million in the period, compared to analysts expectations of $219.60 million. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Five Below Inc. Company shares were Reiterated by UBS on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $47 .Company shares were Reiterated by RBC Capital Mkts on Jun 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $44 .Shares were Reiterated by Stifel on Jun 3, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $48 .
Five Below Inc closed down -1.14 points or -2.46% at $45.26 with 18,10,676 shares getting traded on Monday. Post opening the session at $46.34, the shares hit an intraday low of $45.11 and an intraday high of $46.425 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 9, 2016, Kenneth R Bull (CFO & Treas.) sold 34,600 shares at $45.06 per share price. According to the SEC, on Dec 16, 2015, Joel D Anderson (CEO) purchased 5,000 shares at $30.22 per share price. On Sep 24, 2015, David M Mussafer (director) purchased 90,000 shares at $33.35 per share price, according to the Form-4 filing with the securities and exchange commission.
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.