Five Below, Inc. Forecasted to Post FY2024 Earnings of $5.40 Per Share (NASDAQ:FIVE)

Posted by on Sep 18th, 2023

Five Below, Inc. (NASDAQ:FIVE – Free Report) – Investment analysts at Zacks Research cut their FY2024 earnings per share estimates for shares of Five Below in a research note issued on Wednesday, September 13th. Zacks Research analyst S. Singh now expects that the specialty retailer will earn $5.40 per share for the year, down from their prior estimate of $5.56. The consensus estimate for Five Below’s current full-year earnings is $5.46 per share. Zacks Research also issued estimates for Five Below’s Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $4.32 EPS, FY2025 earnings at $6.42 EPS, Q1 2026 earnings at $0.92 EPS, Q2 2026 earnings at $1.30 EPS and FY2026 earnings at $7.80 EPS.

Five Below (NASDAQ:FIVE – Get Free Report) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. Five Below had a return on equity of 20.23% and a net margin of 8.35%. The business had revenue of $759.00 million during the quarter, compared to analysts’ expectations of $760.02 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year.

A number of other equities analysts also recently issued reports on the stock. Telsey Advisory Group decreased their price target on shares of Five Below from $225.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, August 31st. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Craig Hallum cut their price objective on Five Below from $224.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Five Below from $238.00 to $239.00 in a research note on Friday, June 2nd. Finally, Bank of America cut their price objective on Five Below from $242.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.86.

Check Out Our Latest Stock Analysis on FIVE

Five Below Stock Down 1.1 %

FIVE opened at $159.00 on Monday. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 1.39 and a beta of 1.21. Five Below has a twelve month low of $128.30 and a twelve month high of $220.19. The firm has a 50-day moving average price of $187.58 and a 200-day moving average price of $193.23.

Institutional Trading of Five Below

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its stake in Five Below by 2.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer’s stock worth $710,000 after acquiring an additional 119 shares in the last quarter. Private Advisor Group LLC bought a new stake in Five Below in the first quarter valued at approximately $209,000. Citigroup Inc. raised its stake in Five Below by 10.7% during the first quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer’s stock worth $2,649,000 after buying an additional 1,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Five Below by 793.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer’s stock valued at $248,000 after buying an additional 1,388 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in Five Below by 7.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer’s stock worth $4,936,000 after acquiring an additional 2,155 shares during the period.

Insider Buying and Selling

In other Five Below news, CEO Joel D. Anderson bought 3,100 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average price of $161.50 per share, for a total transaction of $500,650.00. Following the purchase, the chief executive officer now directly owns 99,656 shares in the company, valued at $16,094,444. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Five Below Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Five Below (NASDAQ:FIVE)

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