Five Below (NASDAQ:FIVE) Releases Q3 Earnings Guidance

Five Below (NASDAQ:FIVE) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.10-0.22 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of $780-800 million, compared to the consensus revenue estimate of $790.58 million. Five Below also updated its FY 2024 guidance to 4.350-4.710 EPS.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup cut their price objective on shares of Five Below from $92.00 to $85.00 and set a neutral rating for the company in a report on Wednesday, August 21st. UBS Group decreased their price target on Five Below from $120.00 to $108.00 and set a buy rating on the stock in a research report on Wednesday, August 21st. Truist Financial restated a hold rating and issued a $89.00 price objective on shares of Five Below in a research report on Monday. Evercore ISI lowered shares of Five Below from an outperform rating to an inline rating and decreased their target price for the stock from $160.00 to $113.00 in a report on Wednesday, July 17th. Finally, Morgan Stanley lowered Five Below from an overweight rating to an equal weight rating and dropped their price objective for the company from $160.00 to $100.00 in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $113.37.

Five Below Trading Down 4.3 %

Shares of FIVE stock traded down $3.58 during trading hours on Wednesday, reaching $78.94. The company’s stock had a trading volume of 3,898,490 shares, compared to its average volume of 1,357,844. The firm’s fifty day simple moving average is $87.21 and its 200 day simple moving average is $135.54. The stock has a market capitalization of $4.35 billion, a P/E ratio of 14.84, a P/E/G ratio of 0.87 and a beta of 1.19. Five Below has a one year low of $64.87 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The company had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. During the same quarter in the prior year, the firm earned $0.67 EPS. Five Below’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts forecast that Five Below will post 4.89 earnings per share for the current fiscal year.

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.