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

Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Equities research analysts at Jefferies Financial Group decreased their Q1 2024 earnings per share estimates for shares of Five Below in a research report issued to clients and investors on Thursday, March 16th. Jefferies Financial Group analyst R. Konik now forecasts that the specialty retailer will earn $0.62 per share for the quarter, down from their prior estimate of $0.70. The consensus estimate for Five Below’s current full-year earnings is $5.62 per share. Jefferies Financial Group also issued estimates for Five Below’s Q3 2024 earnings at $0.52 EPS, Q4 2024 earnings at $3.63 EPS, Q1 2025 earnings at $0.79 EPS, Q2 2025 earnings at $1.10 EPS, Q4 2025 earnings at $4.34 EPS and FY2025 earnings at $6.89 EPS.

Several other research analysts have also weighed in on FIVE. Craig Hallum boosted their price objective on shares of Five Below from $178.00 to $200.00 in a research note on Thursday, December 1st. Citigroup raised their price objective on Five Below from $170.00 to $186.00 in a research report on Monday, November 28th. Evercore ISI boosted their target price on Five Below from $155.00 to $170.00 in a report on Thursday, December 1st. Morgan Stanley raised their price target on Five Below from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday. Finally, Roth Mkm upgraded shares of Five Below from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $240.00 in a report on Monday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Five Below Trading Down 1.0 %

Shares of FIVE opened at $193.40 on Friday. The company’s fifty day simple moving average is $197.80 and its 200 day simple moving average is $168.10. Five Below has a 1-year low of $109.49 and a 1-year high of $212.56. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 1.85 and a beta of 1.15.

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

Insider Transactions at Five Below

In related news, CMO Michael Romanko sold 3,750 shares of the firm’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 completion of the transaction, the chief marketing officer now owns 8,901 shares in the company, valued at approximately $1,704,541.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Large investors have recently modified their holdings of the business. California Public Employees Retirement System lifted its holdings in Five Below by 17.6% during the 3rd quarter. California Public Employees Retirement System now owns 123,889 shares of the specialty retailer’s stock worth $17,056,000 after buying an additional 18,502 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Five Below by 7.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 5,096 shares of the specialty retailer’s stock valued at $702,000 after purchasing an additional 367 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Five Below in the 2nd quarter valued at $231,000. Pathstone Family Office LLC increased its position in shares of Five Below by 9.6% during the third quarter. Pathstone Family Office LLC now owns 10,652 shares of the specialty retailer’s stock worth $1,466,000 after buying an additional 934 shares during the period. Finally, Pacer Advisors Inc. bought a new position in Five Below during the third quarter worth $519,000.

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.