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

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

FIVE opened at $95.75 on Friday. The firm has a 50 day simple moving average of $99.77 and a 200 day simple moving average of $90.22. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The company 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 announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, analysts expect that Five Below will post 4.93 EPS for the current year.

Analyst Ratings Changes

FIVE has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. KeyCorp downgraded Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Evercore ISI upped their price objective on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Mizuho lifted their target price on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Five Below has a consensus rating of “Hold” and an average price target of $115.75.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm’s 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 sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company 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.