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

Five Below (NASDAQ:FIVE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.000-5.400 for the period, compared to the consensus earnings per share estimate of 6.000. The company issued revenue guidance of $3.8 billion-$3.9 billion, compared to the consensus revenue estimate of $4.0 billion. Five Below also updated its FY25 guidance to $5.00-5.40 EPS.

Five Below Stock Performance

Shares of NASDAQ FIVE traded down $5.08 during mid-day trading on Wednesday, reaching $132.79. The company’s stock had a trading volume of 3,544,868 shares, compared to its average volume of 912,955. The stock has a 50-day moving average of $148.85 and a two-hundred day moving average of $178.53. The stock has a market capitalization of $7.34 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.14 and a beta of 1.17. Five Below has a 1-year low of $128.64 and a 1-year high of $216.18.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the company posted $3.07 EPS. The firm’s revenue was up 19.1% on a year-over-year basis. Analysts predict that Five Below will post 6.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Five Below from $204.00 to $176.00 and set a buy rating on the stock in a research report on Tuesday, May 28th. Wells Fargo & Company raised Five Below from an equal weight rating to an overweight rating and set a $180.00 price objective for the company in a research report on Thursday, April 25th. StockNews.com cut shares of Five Below from a hold rating to a sell rating in a research report on Thursday, May 30th. Citigroup dropped their target price on shares of Five Below from $210.00 to $185.00 and set a buy rating for the company in a report on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Five Below from $201.00 to $177.00 and set a buy rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Five Below presently has an average rating of Moderate Buy and an average target price of $203.00.

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.