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

Five Below (NASDAQ:FIVE) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 3.230-3.410 for the period, compared to the consensus EPS 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 Trading Up 4.0 %

Shares of NASDAQ FIVE opened at $95.75 on Friday. The firm has a fifty day simple moving average of $99.77 and a two-hundred day simple moving average of $90.30. Five Below has a 12 month low of $64.87 and a 12 month high of $212.01. The firm has a market capitalization of $5.27 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, sell-side analysts predict that Five Below will post 4.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FIVE shares. Barclays upped their price target on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Telsey Advisory Group reissued a “market perform” rating and set a $115.00 price target on shares of Five Below in a research report on Tuesday, January 14th. Citigroup upped their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Guggenheim lifted their target price on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $115.75.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on 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 owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

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.