Five Below Stock Hits Record High After Earnings

It was a beat-and-raise for Five Below

Sep 7, 2018 at 10:04 AM
facebook X logo linkedin

The shares of Five Below Inc (NASDAQ:FIVE) are soaring today after the discount retailer's blowout earnings report. A round of bullish brokerage notes is only fanning the flames, with FIVE stock up 13.6% to trade at $131.27 -- fresh off a record high of $134.75 -- on track for its best day since June 7, the date of another post-earnings bull gap.

For the second quarter, Five Below earned 45 cents per share on $347.7 million in revenue, well above analysts' estimates for a per-share profit of 38 cents on revenue of $334.8 million. Plus, same-store sales surged 2.7% over the three-month period, and the retailer raised its full-year profit forecast on growth in new stores.

In reaction, Gordon Haskett raised its FIVE rating to "buy" from "hold," and boosted its price target to $150 from $110 -- matching upwardly revised price targets from J.P. Morgan Securities and Jefferies. Not only are these new price targets the highest on Wall Street, they stand at a nearly 30% premium to last night's close at $115.51.

Most analysts are already upbeat toward Five Below stock, with the majority of those in coverage maintaining a "buy" recommendation, and not a single "sell" in sight. However, the average 12-month price target of $130.06 is in line with current trading levels, suggesting there's room for more price-target hikes to come down the pike for a stock that's now doubled in value on a year-to-date basis.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI