Telsey Advisory Group Comments on Five Below, Inc.’s Q1 2024 Earnings (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Equities researchers at Telsey Advisory Group lowered their Q1 2024 earnings per share estimates for shares of Five Below in a research report issued on Thursday, March 16th. Telsey Advisory Group analyst J. Feldman now expects that the specialty retailer will post earnings per share of $0.65 for the quarter, down from their previous estimate of $0.74. 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 $5.61 per share. Telsey Advisory Group also issued estimates for Five Below’s Q2 2024 earnings at $0.87 EPS, Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $3.78 EPS, FY2024 earnings at $5.76 EPS, Q1 2025 earnings at $0.83 EPS and Q2 2025 earnings at $1.08 EPS.

Several other analysts also recently issued reports on the company. Credit Suisse Group assumed coverage on Five Below in a research note on Monday, December 19th. They set a “neutral” rating and a $185.00 price target for the company. Citigroup increased their price target on Five Below from $170.00 to $186.00 in a research note on Monday, November 28th. StockNews.com started coverage on Five Below in a research note on Thursday. They issued a “sell” rating on the stock. Needham & Company LLC raised their price objective on Five Below from $172.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, December 1st. Finally, Wells Fargo & Company lifted their price target on Five Below from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Five Below has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Five Below Trading Down 1.0 %

Shares of FIVE stock opened at $193.40 on Friday. Five Below has a 1-year low of $109.49 and a 1-year high of $212.56. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 1.86 and a beta of 1.15. The stock’s fifty day simple moving average is $198.13 and its 200-day simple moving average is $168.57.

Five Below (NASDAQ:FIVE – Get Rating) last posted its quarterly earnings data on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, hitting analysts’ consensus estimates of $3.07. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Five Below had a return on equity of 22.66% and a net margin of 8.50%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 EPS.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA purchased a new position in Five Below during the 2nd quarter worth approximately $28,000. Canada Pension Plan Investment Board raised its holdings in 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 buying an additional 93 shares during the period. CENTRAL TRUST Co increased its stake in Five Below by 29.6% during the third quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 80 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Five Below during the third quarter worth about $63,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Five Below by 3,530.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 363 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 353 shares during the period.

Insider Buying and Selling

In related news, CMO Michael Romanko sold 3,750 shares of the company’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the sale, the chief marketing officer now owns 8,901 shares of the company’s stock, valued at $1,704,541.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

About Five Below

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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.