Revenue Update on Five Below Inc(NASDAQ:FIVE)

Five Below Inc(NASDAQ:FIVE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $388.090M. Analysts estimated a revenue of $387.650M. The revenues were 0.11% above the estimates. Earnings per share were $0.9. The reported EPS was above estimates by 1.12%. Analysts had estimated an EPS of $0.89.

Five Below Inc (FIVE) made into the market gainers list on Fridays trading session with the shares advancing 0.88% or 0.37 points. Due to strong positive momentum, the stock ended at $42.62, which is also near the day’s high of $43.84. The stock began the session at $42.56 and the volume stood at 23,83,713 shares. The 52-week high of the shares is $52.7 and the 52 week low is $35.03. The company has a current market capitalization of $2,341 M and it has 5,49,30,387 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Kenneth R Bull (CFO & Treas.) sold 34,600 shares at $45.06 per share price.Also, 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.

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