Five Below (NASDAQ:FIVE) Updates 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 5.710-6.220 for the period, compared to the consensus earnings per share estimate of 6.470. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $4.1 billion. Five Below also updated its FY25 guidance to $5.71-6.22 EPS.

Analysts Set New Price Targets

A number of research firms recently commented on FIVE. Barclays upped their price target on shares of Five Below from $219.00 to $236.00 and gave the company an overweight rating in a report on Thursday, January 4th. Mizuho began coverage on shares of Five Below in a research report on Tuesday. They set a buy rating and a $225.00 price objective on the stock. Craig Hallum downgraded shares of Five Below from a buy rating to a hold rating and reduced their price objective for the company from $220.00 to $195.00 in a research report on Tuesday, January 16th. Oppenheimer downgraded shares of Five Below from an outperform rating to a market perform rating and reduced their price objective for the company from $235.00 to $200.00 in a research report on Tuesday, January 30th. Finally, Truist Financial boosted their price objective on shares of Five Below from $195.00 to $214.00 and gave the company a buy rating in a research report on Thursday, November 30th. One equities 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 stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $220.18.

Five Below Price Performance

FIVE stock traded up $2.31 during trading on Wednesday, hitting $208.97. 1,265,919 shares of the stock traded hands, compared to its average volume of 678,991. Five Below has a 1 year low of $144.57 and a 1 year high of $220.19. The firm’s 50 day moving average is $192.99 and its two-hundred day moving average is $184.39. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21.

Insider Activity at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of the stock in a transaction that occurred on 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 owns 333,697 shares in the company, valued at approximately $62,007,576.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five Below

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Five Below by 44.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,894 shares of the specialty retailer’s stock worth $830,000 after acquiring an additional 1,199 shares during the period. GSA Capital Partners LLP purchased a new stake in Five Below during the 4th quarter valued at approximately $409,000. Mercer Global Advisors Inc. ADV purchased a new stake in Five Below during the 4th quarter valued at approximately $211,000. Peloton Wealth Strategists grew its holdings in Five Below by 40.5% during the 4th quarter. Peloton Wealth Strategists now owns 4,350 shares of the specialty retailer’s stock valued at $927,000 after buying an additional 1,255 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new stake in Five Below during the 4th quarter valued at approximately $254,000.

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 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.