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

Five Below (NASDAQ:FIVE) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 4.780-4.960 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

FIVE has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Truist Financial upped their target price on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Evercore ISI raised their price objective on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Finally, KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Three investment 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. According to data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average target price of $115.75.

Five Below Stock Performance

NASDAQ:FIVE opened at $93.01 on Friday. The firm has a market cap of $5.12 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.27 and a beta of 1.14. The firm has a 50-day simple moving average of $99.60 and a two-hundred day simple moving average of $90.36. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $212.01.

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

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The shares were 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 directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

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.