Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Equities researchers at Telsey Advisory Group decreased their Q2 2024 earnings estimates for Five Below in a research report issued to clients and investors on Friday, June 2nd. Telsey Advisory Group analyst J. Feldman now expects that the specialty retailer will post earnings per share of $0.84 for the quarter, down from their previous estimate of $0.87. Telsey Advisory Group currently has a “Outperform” rating and a $230.00 target price on the stock. The consensus estimate for Five Below’s current full-year earnings is $5.59 per share. Telsey Advisory Group also issued estimates for Five Below’s Q3 2024 earnings at $0.42 EPS and Q3 2025 earnings at $0.52 EPS.
FIVE has been the topic of a number of other research reports. Loop Capital raised their target price on shares of Five Below from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, March 24th. Citigroup lowered their price objective on shares of Five Below from $225.00 to $220.00 in a research note on Wednesday, May 24th. StockNews.com initiated coverage on shares of Five Below in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Roth Capital reaffirmed a “buy” rating and issued a $240.00 price objective (up previously from $180.00) on shares of Five Below in a research note on Monday, February 13th. Finally, Bank of America lifted their target price on shares of Five Below from $220.00 to $242.00 and gave the company a “buy” rating in a research note on Wednesday, April 12th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Five Below currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.22.
Five Below Stock Up 7.8 %
Five Below (NASDAQ:FIVE – Get Rating) last issued its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. Five Below had a net margin of 8.42% and a return on equity of 21.54%. The business had revenue of $726.25 million for the quarter, compared to analysts’ expectations of $728.20 million. During the same quarter last year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year.
Insider Transactions at Five Below
In other Five Below news, Director Ronald Sargent sold 200 shares of the stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $209.00, for a total value of $41,800.00. Following the completion of the sale, the director now owns 15,030 shares in the company, valued at $3,141,270. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Catherine Elizabeth Buggeln sold 2,253 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $218.04, for a total transaction of $491,244.12. Following the transaction, the director now directly owns 7,141 shares of the company’s stock, valued at $1,557,023.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald Sargent sold 200 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $209.00, for a total transaction of $41,800.00. Following the completion of the transaction, the director now directly owns 15,030 shares in the company, valued at $3,141,270. The disclosure for this sale can be found here. Insiders sold 32,538 shares of company stock valued at $6,879,774 over the last quarter. Corporate insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On Five Below
A number of institutional investors have recently added to or reduced their stakes in FIVE. Ridgewood Investments LLC bought a new stake in shares of Five Below in the 1st quarter valued at $31,000. IFP Advisors Inc boosted its stake in shares of Five Below by 122.7% in the 1st quarter. IFP Advisors Inc now owns 432 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 238 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Five Below by 93.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 93 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Five Below by 73.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 180 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 76 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Five Below by 29.6% in the 3rd quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 80 shares during the last quarter.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.
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