Five Below (NASDAQ:FIVE) Issues 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 4.350-4.710 for the period, compared to the consensus earnings per share estimate of 4.690. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.8 billion. Five Below also updated its FY25 guidance to $4.35-4.71 EPS.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIVE shares. Telsey Advisory Group lowered their target price on shares of Five Below from $155.00 to $120.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. StockNews.com cut Five Below from a hold rating to a sell rating in a research report on Saturday, June 8th. Evercore ISI downgraded Five Below from an outperform rating to an inline rating and cut their target price for the stock from $160.00 to $113.00 in a research note on Wednesday, July 17th. The Goldman Sachs Group decreased their price target on Five Below from $163.00 to $124.00 and set a buy rating on the stock in a research note on Wednesday, July 17th. Finally, Bank of America dropped their price objective on Five Below from $104.00 to $75.00 and set a neutral rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $113.37.

Five Below Stock Performance

FIVE stock traded down $3.58 on Wednesday, reaching $78.94. The company had a trading volume of 3,898,490 shares, compared to its average volume of 1,357,844. The company’s fifty day moving average is $87.21 and its 200 day moving average is $135.54. The company has a market cap of $4.35 billion, a P/E ratio of 14.84, a PEG ratio of 0.87 and a beta of 1.19. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, sell-side analysts predict that Five Below will post 4.89 earnings per share for the current year.

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.