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

Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Analysts at Telsey Advisory Group cut their Q1 2024 earnings per share estimates for Five Below in a research note 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 prior estimate of $0.74. Telsey Advisory Group has a “Outperform” rating and a $230.00 price target on the stock. The consensus estimate for Five Below’s current full-year earnings is $5.62 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 equities analysts have also recently weighed in on the company. Truist Financial boosted their price objective on Five Below from $217.00 to $224.00 in a research report on Thursday. Barclays started coverage on Five Below in a research report on Tuesday, February 7th. They set an “overweight” rating and a $219.00 price target on the stock. Credit Suisse Group started coverage on Five Below in a research report on Monday, December 19th. They set a “neutral” rating and a $185.00 price target on the stock. UBS Group upped their price objective on Five Below from $165.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Finally, Craig Hallum upped their price objective on Five Below from $178.00 to $200.00 in a report on Thursday, December 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $193.40 on Friday. Five Below has a fifty-two week low of $109.49 and a fifty-two week high of $212.56. The business has a 50-day moving average of $197.80 and a two-hundred day moving average of $168.10. The stock has a market capitalization of $10.74 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.85 and a beta of 1.15.

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

Institutional Investors Weigh In On Five Below

Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in Five Below in the 2nd quarter valued at about $28,000. Canada Pension Plan Investment Board lifted its position in Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 93 shares during the last quarter. CENTRAL TRUST Co lifted its position 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 acquiring an additional 80 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Five Below during the third quarter worth approximately $63,000. Finally, Harvest Fund Management Co. Ltd lifted its position 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 acquiring an additional 353 shares during the last quarter.

Insider Activity

In other news, CMO Michael Romanko sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.