William Blair Brokers Decrease Earnings Estimates for Five Below, Inc. (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Equities research analysts at William Blair cut their FY2024 earnings per share estimates for shares of Five Below in a report released on Thursday, March 16th. William Blair analyst P. Blee now anticipates that the specialty retailer will post earnings per share of $5.63 for the year, down from their prior estimate of $5.70. William Blair has a “Outperform” rating on the stock. The consensus estimate for Five Below’s current full-year earnings is $5.62 per share. William Blair also issued estimates for Five Below’s FY2025 earnings at $7.25 EPS.

Five Below (NASDAQ:FIVE – Get Rating) last announced its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS 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 for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $2.49 EPS. Five Below’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the company. BNP Paribas raised Five Below from a “neutral” rating to an “outperform” rating in a report on Thursday, December 15th. Citigroup increased their price target on Five Below from $170.00 to $186.00 in a research note on Monday, November 28th. Craig Hallum increased their price target on Five Below from $178.00 to $200.00 in a research note on Thursday, December 1st. KeyCorp increased their price target on Five Below from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 17th. Finally, Wells Fargo & Company increased their price target on Five Below from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the stock. 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

Shares of Five Below stock opened at $193.40 on Friday. Five Below has a one year low of $109.49 and a one year high of $212.56. The stock’s fifty day moving average is $197.80 and its 200 day moving average is $168.10. The stock has a market cap 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.

Institutional Trading of Five Below

Several institutional investors and hedge funds have recently modified their holdings of FIVE. Private Trust Co. NA bought a new stake in shares of Five Below during the second quarter valued at approximately $28,000. Canada Pension Plan Investment Board raised its stake in shares of Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 93 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Five Below by 29.6% during the third quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 80 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Five Below during the third quarter valued at approximately $63,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of 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 valued at $64,000 after acquiring an additional 353 shares in the last quarter.

Insiders Place Their Bets

In other Five Below news, CMO Michael Romanko sold 3,750 shares of the firm’s stock in a transaction dated 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 sale, the chief marketing officer now owns 8,901 shares of the company’s stock, valued at $1,704,541.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

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.