Five Below (NASDAQ:FIVE) Updates FY 2024 Earnings Guidance

Five Below (NASDAQ:FIVE) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 4.780-4.960 for the period, compared to the consensus earnings per share estimate of 4.940. The company issued revenue guidance of $3.8 billion-$3.9 billion, compared to the consensus revenue estimate of $3.9 billion. Five Below also updated its Q4 2024 guidance to 3.230-3.410 EPS.

Analyst Upgrades and Downgrades

Several research analysts have commented on FIVE shares. Citigroup lifted their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Barclays boosted their price objective on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Guggenheim raised their price target on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Mizuho upped their target price on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Morgan Stanley raised their price target on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $115.75.

Five Below Price Performance

NASDAQ FIVE opened at $93.01 on Friday. Five Below has a 1-year low of $64.87 and a 1-year high of $212.01. The company has a market capitalization of $5.12 billion, a P/E ratio of 19.16, a PEG ratio of 1.27 and a beta of 1.14. The business has a 50 day moving average price of $99.60 and a 200 day moving average price of $90.36.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 14.6% on a year-over-year basis. On average, research analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

About Five Below

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.