Five Below (NASDAQ:FIVE) Updates FY25 Earnings Guidance

Five Below (NASDAQ:FIVE) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.71-6.22 for the period, compared to the consensus earnings per share estimate of $6.46. The company issued revenue guidance of $3.97-4.07 billion, compared to the consensus revenue estimate of $4.11 billion. Five Below also updated its FY 2024 guidance to 5.710-6.220 EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIVE. Wells Fargo & Company lowered their price target on Five Below from $200.00 to $180.00 and set an equal weight rating for the company in a research report on Thursday. Evercore ISI reduced their price objective on shares of Five Below from $240.00 to $230.00 and set an outperform rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on Five Below from $222.00 to $215.00 and set an overweight rating for the company in a report on Thursday. Truist Financial dropped their price target on Five Below from $214.00 to $204.00 and set a buy rating on the stock in a report on Thursday. Finally, Telsey Advisory Group reduced their price objective on Five Below from $230.00 to $220.00 and set an outperform rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Five Below currently has an average rating of Moderate Buy and an average price target of $213.88.

Five Below Trading Down 3.3 %

FIVE opened at $170.99 on Friday. The stock has a market capitalization of $9.44 billion, a P/E ratio of 31.55, a PEG ratio of 1.41 and a beta of 1.21. The stock has a 50-day moving average price of $192.68 and a 200-day moving average price of $184.52. Five Below has a 12-month low of $144.57 and a 12-month high of $220.19.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.07 earnings per share. On average, equities research analysts predict that Five Below will post 6.09 EPS for the current year.

Insiders Place Their Bets

In related news, Director Thomas Vellios sold 10,000 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the completion of the sale, the director now directly 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 at this hyperlink. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Five Below by 1.0% during the first quarter. BlackRock Inc. now owns 4,879,733 shares of the specialty retailer’s stock valued at $1,005,079,000 after buying an additional 46,515 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Five Below by 2,513.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock valued at $801,779,000 after purchasing an additional 3,743,768 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Five Below by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock worth $482,922,000 after buying an additional 259,012 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after acquiring an additional 471,349 shares during the period. Finally, State Street Corp raised its position in shares of Five Below by 0.6% in the 2nd quarter. State Street Corp now owns 1,536,918 shares of the specialty retailer’s stock worth $302,066,000 after acquiring an additional 8,498 shares in the last quarter.

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.