Five Below (NASDAQ:FIVE) Issues Q4 2024 Earnings Guidance

Five Below (NASDAQ:FIVE - Get Free Report) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 3.230-3.410 for the period, compared to the consensus EPS estimate of 3.380. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Five Below also updated its FY 2024 guidance to 4.780-4.960 EPS.

Five Below Trading Up 4.0 %

FIVE traded up $3.65 on Friday, hitting $95.75. 1,921,506 shares of the company's stock were exchanged, compared to its average volume of 2,232,640. The stock has a fifty day moving average of $99.77 and a two-hundred day moving average of $90.30. Five Below has a twelve month low of $64.87 and a twelve month high of $212.01. The firm has a market cap of $5.27 billion, a PE ratio of 19.74, a P/E/G ratio of 1.27 and a beta of 1.14.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share 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 for the quarter, compared to analysts' expectations of $801.48 million. During the same period in the prior year, the firm earned $0.26 EPS. The business's quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts predict that Five Below will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Craig Hallum lifted their price objective on shares of Five Below from $125.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Loop Capital boosted their price objective on Five Below from $90.00 to $120.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their target price on Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Truist Financial increased 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. Finally, KeyCorp cut shares of Five Below from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. 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 stock. According to data from MarketBeat.com, Five Below has a consensus rating of "Hold" and a consensus price target of $115.75.

Insider Activity

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of Five Below 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 $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

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.