Five Below (NASDAQ:FIVE) Updates Q4 2024 Earnings Guidance

Five Below (NASDAQ:FIVE) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 3.230-3.410 for the period, compared to the consensus earnings per share estimate of 3.380. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Five Below also updated its FY 2024 guidance to 4.780-4.960 EPS.

Five Below Price Performance

FIVE stock opened at $95.75 on Friday. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.27 and a beta of 1.14. The business’s fifty day moving average price is $99.77 and its two-hundred day moving average price is $90.22.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. Research analysts expect that Five Below will post 4.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Telsey Advisory Group reissued a “market perform” rating and set a $115.00 price objective on shares of Five Below in a report on Tuesday, January 14th. Truist Financial upped their target price on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Craig Hallum lifted their price target on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Five Below has an average rating of “Hold” and an average price target of $115.75.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

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