Five Below (NASDAQ:FIVE) Issues FY 2023 Earnings Guidance

Five Below (NASDAQ:FIVE – Get Rating) issued an update on its FY 2023 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.25-$5.76 for the period, compared to the consensus earnings per share estimate of $5.67. The company issued revenue guidance of $3.49 billion-$3.59 billion, compared to the consensus revenue estimate of $3.58 billion. Five Below also updated its FY24 guidance to $5.25-5.76 EPS.

Five Below Trading Down 1.0 %

FIVE stock opened at $193.40 on Friday. The company has a market capitalization of $10.74 billion, a PE ratio of 41.24, a P/E/G ratio of 1.85 and a beta of 1.15. Five Below has a 12-month low of $109.49 and a 12-month high of $212.56. The business’s fifty day moving average price is $197.80 and its 200 day moving average price is $168.10.

Five Below (NASDAQ:FIVE – Get Rating) last posted its quarterly earnings data on Wednesday, March 15th. The specialty retailer reported $3.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.07. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Five Below had a return on equity of 20.11% and a net margin of 7.81%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 EPS. Research analysts predict that Five Below will post 5.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FIVE shares. Credit Suisse Group started coverage on Five Below in a report on Monday, December 19th. They issued a neutral rating and a $185.00 price objective on the stock. StockNews.com assumed coverage on Five Below in a report on Thursday. They set a sell rating on the stock. TheStreet upgraded Five Below from a c+ rating to a b rating in a report on Wednesday. Truist Financial upped their price target on Five Below from $217.00 to $224.00 in a report on Thursday. Finally, Oppenheimer restated an outperform rating on shares of Five Below in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $207.50.

Insider Activity at Five Below

In related news, CMO Michael Romanko sold 3,750 shares of the company’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 sale, the chief marketing officer now directly owns 8,901 shares of the company’s stock, valued at approximately $1,704,541.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Large investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its position in Five Below by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock worth $482,922,000 after acquiring an additional 259,012 shares during the period. Wasatch Advisors Inc. lifted its position in Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after acquiring an additional 471,349 shares during the period. State Street Corp lifted its position in Five Below by 0.6% during the 2nd quarter. State Street Corp now owns 1,466,046 shares of the specialty retailer’s stock worth $166,294,000 after acquiring an additional 8,651 shares during the period. Morgan Stanley lifted its position in Five Below by 37.2% during the 4th quarter. Morgan Stanley now owns 1,058,383 shares of the specialty retailer’s stock worth $187,196,000 after acquiring an additional 286,839 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Five Below by 10.0% during the 4th quarter. Alliancebernstein L.P. now owns 950,212 shares of the specialty retailer’s stock worth $168,064,000 after acquiring an additional 86,255 shares during the period.

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.