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

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FIVE. Wells Fargo & Company lifted their price objective on Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Mizuho upped their price target on Five Below from $90.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Barclays raised their price objective on shares of Five Below from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Evercore ISI upped their target price on shares of Five Below from $100.00 to $104.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered shares of Five Below from a "hold" rating to a "sell" rating in a research report on Friday, December 13th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $115.75.

Five Below Stock Up 4.0 %

Five Below stock traded up $3.65 during mid-day trading on Friday, hitting $95.75. 1,921,506 shares of the company were exchanged, compared to its average volume of 2,232,640. The company has a market capitalization of $5.27 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14. The business has a fifty day moving average of $99.77 and a 200 day moving average of $90.30. Five Below has a 1-year low of $64.87 and a 1-year high of $212.01.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analysts' expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm's revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. Research analysts expect that Five Below will post 4.93 earnings per share for the current year.

Insider Transactions at Five Below

In other 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 completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is 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.