Five Below (NASDAQ:FIVE) Updates Q4 2024 Earnings Guidance

Five Below (NASDAQ:FIVE) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.230-3.410 for the period, compared to the consensus EPS estimate of 3.330. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Five Below also updated its FY 2024 guidance to 4.780-4.960 EPS.

Analyst Ratings Changes

FIVE has been the topic of a number of research analyst reports. Guggenheim boosted their target price on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp downgraded Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Bank of America lowered Five Below from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Telsey Advisory Group lifted their target price on Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Truist Financial increased their price target on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.15.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $112.73 on Friday. The company has a market cap of $6.20 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The company has a 50-day simple moving average of $91.79 and a 200-day simple moving average of $94.63. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.10% and a net margin of 7.02%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. On average, analysts anticipate that Five Below will post 4.93 EPS for the current 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.