Five Below (NASDAQ:FIVE) Releases Q1 Earnings Guidance

Five Below (NASDAQ:FIVE) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.58-0.69 for the period, compared to the consensus EPS estimate of $0.77. The company issued revenue guidance of $826-846 million, compared to the consensus revenue estimate of $852.05 million. Five Below also updated its FY 2024 guidance to 5.710-6.220 EPS.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $170.99 on Friday. Five Below has a fifty-two week low of $144.57 and a fifty-two week high of $220.19. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.41 and a beta of 1.21. The business’s 50 day moving average price is $192.68 and its 200-day moving average price is $184.52.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results 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 return on equity of 20.80% and a net margin of 8.46%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $3.07 earnings per share. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts predict that Five Below will post 6.09 earnings per share for the current year.

Analyst Ratings Changes

FIVE has been the topic of a number of recent analyst reports. Mizuho assumed coverage on Five Below in a research report on Tuesday. They set a buy rating and a $225.00 price target on the stock. UBS Group cut their target price on Five Below from $270.00 to $245.00 and set a buy rating on the stock in a research report on Thursday. Evercore ISI lowered their price target on Five Below from $240.00 to $230.00 and set an outperform rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on Five Below from $222.00 to $215.00 and set an overweight rating on the stock in a report on Thursday. Finally, Morgan Stanley decreased their target price on Five Below from $225.00 to $210.00 and set an overweight rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Five Below presently has a consensus rating of Moderate Buy and an average target price of $213.88.

Insider Activity at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $185.82, for a total value of $1,858,200.00. Following the transaction, the director now directly owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its stake in Five Below by 2.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer’s stock worth $710,000 after acquiring an additional 119 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Five Below in the 1st quarter valued at about $209,000. Citigroup Inc. lifted its position in Five Below by 10.7% in the first quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer’s stock valued at $2,649,000 after buying an additional 1,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Five Below by 793.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer’s stock worth $248,000 after buying an additional 1,388 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Five Below by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer’s stock valued at $4,936,000 after acquiring an additional 2,155 shares during the last quarter.

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.