Five Below, Inc. Expected to Post Q1 2024 Earnings of $0.62 Per Share (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Stock analysts at KeyCorp issued their Q1 2024 EPS estimates for Five Below in a note issued to investors on Wednesday, March 15th. KeyCorp analyst B. Thomas forecasts that the specialty retailer will post earnings per share of $0.62 for the quarter. KeyCorp has a “Overweight” rating and a $225.00 price target on the stock. The consensus estimate for Five Below’s current full-year earnings is $5.62 per share. KeyCorp also issued estimates for Five Below’s Q2 2024 earnings at $0.90 EPS, Q3 2024 earnings at $0.42 EPS, Q4 2024 earnings at $3.61 EPS and FY2025 earnings at $6.50 EPS.

Five Below (NASDAQ:FIVE – Get Rating) last released its quarterly earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, meeting the consensus estimate of $3.07. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Five Below had a net margin of 7.81% and a return on equity of 20.11%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $2.49 earnings per share.

Other analysts have also issued research reports about the stock. Morgan Stanley lifted their target price on shares of Five Below from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday. BNP Paribas upgraded shares of Five Below from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 15th. Evercore ISI lifted their target price on shares of Five Below from $155.00 to $170.00 in a research report on Thursday, December 1st. Barclays started coverage on shares of Five Below in a research report on Tuesday, February 7th. They issued an “overweight” rating and a $219.00 target price on the stock. Finally, Needham & Company LLC lifted their target price on shares of Five Below from $172.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.50.

Five Below Stock Performance

FIVE stock opened at $193.40 on Friday. The firm has a market cap of $10.74 billion, a PE ratio of 41.24, a P/E/G ratio of 1.85 and a beta of 1.15. The firm’s fifty day moving average is $197.80 and its 200 day moving average is $168.10. Five Below has a one year low of $109.49 and a one year high of $212.56.

Insider Activity

In other news, CMO Michael Romanko sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total value of $718,125.00. Following the sale, the chief marketing officer now directly owns 8,901 shares of the company’s stock, valued at approximately $1,704,541.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Picton Mahoney Asset Management raised its stake in shares of Five Below by 4.6% in the 4th quarter. Picton Mahoney Asset Management now owns 1,145 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 50 shares during the period. Van ECK Associates Corp grew its holdings in shares of Five Below by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 1,652 shares of the specialty retailer’s stock valued at $292,000 after purchasing an additional 54 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Five Below by 2.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,534 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 59 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Five Below by 0.8% in the fourth quarter. State of Alaska Department of Revenue now owns 7,767 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 65 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Five Below by 1.9% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,668 shares of the specialty retailer’s stock valued at $504,000 after purchasing an additional 69 shares in the last quarter.

Five Below Company Profile

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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.