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

Five Below (NASDAQ:FIVE) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.350-4.710 for the period, compared to the consensus EPS estimate of 4.690. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.8 billion. Five Below also updated its FY25 guidance to $4.35-4.71 EPS.

Five Below Trading Down 0.1 %

FIVE traded down $0.11 during midday trading on Thursday, hitting $78.83. 1,820,298 shares of the company traded hands, compared to its average volume of 1,360,787. The business has a 50 day simple moving average of $86.51 and a two-hundred day simple moving average of $135.14. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. Equities research analysts anticipate that Five Below will post 4.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FIVE shares. The Goldman Sachs Group decreased their price target on shares of Five Below from $124.00 to $106.00 and set a buy rating on the stock in a research note on Thursday. Loop Capital decreased their target price on shares of Five Below from $190.00 to $120.00 and set a hold rating on the stock in a research note on Friday, June 7th. Truist Financial reaffirmed a hold rating and issued a $89.00 price target on shares of Five Below in a report on Monday. Barclays lowered Five Below from an overweight rating to an equal weight rating and lowered their price objective for the stock from $176.00 to $90.00 in a research note on Wednesday, July 17th. Finally, Evercore ISI cut their target price on Five Below from $101.00 to $95.00 and set an in-line rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $110.11.

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.