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

Five Below (NASDAQ:FIVE) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.230-3.410 for the period, compared to the consensus 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.

Analysts Set New Price Targets

FIVE has been the subject of several research analyst reports. Evercore ISI increased their target price 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. JPMorgan Chase & Co. cut their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group upped their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Finally, StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $115.75.

Five Below Trading Up 4.0 %

Shares of FIVE opened at $95.75 on Friday. Five Below has a twelve month low of $64.87 and a twelve month high of $212.01. The company’s fifty day simple moving average is $99.77 and its 200-day simple moving average is $90.30. The company has a market cap of $5.27 billion, a P/E ratio of 19.74, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. Analysts predict that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate 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.