Five Below (NASDAQ:FIVE) Updates Q2 2024 Earnings Guidance

Five Below (NASDAQ:FIVE) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.530-0.560 for the period, compared to the consensus EPS estimate of 0.620. The company issued revenue guidance of $820.0 million-$826.0 million, compared to the consensus revenue estimate of $836.5 million.

Five Below Stock Performance

Shares of FIVE opened at $71.97 on Friday. The company’s 50 day simple moving average is $110.78 and its 200 day simple moving average is $153.36. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.90 and a beta of 1.19. Five Below has a 1 year low of $71.02 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. Equities analysts expect that Five Below will post 4.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on FIVE. Wells Fargo & Company dropped their price target on Five Below from $145.00 to $115.00 and set an overweight rating for the company in a research note on Wednesday, July 17th. Truist Financial lowered shares of Five Below from a buy rating to a hold rating and dropped their price objective for the stock from $136.00 to $89.00 in a research report on Wednesday, July 17th. KeyCorp decreased their price target on shares of Five Below from $165.00 to $115.00 and set an overweight rating for the company in a research report on Wednesday, July 17th. Guggenheim lowered their target price on Five Below from $165.00 to $125.00 and set a buy rating for the company in a research note on Wednesday, July 17th. Finally, Citigroup lowered shares of Five Below from a buy rating to a neutral rating and dropped their price objective for the company from $175.00 to $92.00 in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $115.89.

Five Below Company Profile

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.