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

Five Below (NASDAQ:FIVE) issued an update on its FY 2024 earnings guidance on Friday morning. 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.

Five Below Price Performance

NASDAQ:FIVE opened at $95.75 on Friday. The company has a 50 day moving average price of $99.77 and a 200-day moving average price of $90.30. Five Below has a 1-year low of $64.87 and a 1-year high of $212.01. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. 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 company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that Five Below will post 4.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Loop Capital increased their target price on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Truist Financial lifted their price target on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Evercore ISI increased their price objective on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Morgan Stanley increased their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Bank of America lowered Five Below from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Five Below has an average rating of “Hold” and an average price target of $115.75.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by 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.