Five Below (NASDAQ:FIVE) Updates Q3 2024 Earnings Guidance

Five Below (NASDAQ:FIVE) updated its third quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.100-0.220 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $780.0 million-$800.0 million, compared to the consensus revenue estimate of $790.6 million. Five Below also updated its FY 2024 guidance to 4.350-4.710 EPS.

Five Below Stock Performance

NASDAQ:FIVE traded down $2.47 during mid-day trading on Friday, hitting $75.77. The stock had a trading volume of 187,699 shares, compared to its average volume of 1,371,146. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The company’s 50 day simple moving average is $85.82 and its 200 day simple moving average is $134.75. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. Five Below’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. As a group, equities analysts forecast that Five Below will post 4.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America boosted their target price on Five Below from $75.00 to $87.00 and gave the company a neutral rating in a research report on Thursday. Guggenheim decreased their price objective on shares of Five Below from $165.00 to $125.00 and set a buy rating for the company in a research note on Wednesday, July 17th. Telsey Advisory Group cut their target price on Five Below from $120.00 to $102.00 and set an outperform rating on the stock in a research note on Thursday. Citigroup decreased their price target on Five Below from $92.00 to $85.00 and set a neutral rating for the company in a research report on Wednesday, August 21st. Finally, Evercore ISI cut their price objective on Five Below from $101.00 to $95.00 and set an in-line rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $109.63.

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.