Five Below (NASDAQ:FIVE – Get Rating) issued an update on its first quarter 2023 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.59-$0.65 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of $723.00 million-$735.00 million, compared to the consensus revenue estimate of $730.55 million. Five Below also updated its FY 2023 guidance to $5.25-$5.76 EPS.
Five Below Stock Down 1.0 %
Shares of NASDAQ:FIVE opened at $193.40 on Friday. The company’s fifty day moving average is $197.80 and its two-hundred day moving average is $168.10. Five Below has a 12-month low of $109.49 and a 12-month high of $212.56. The company has a market cap of $10.74 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15.
Five Below (NASDAQ:FIVE – Get Rating) last posted 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 net margin of 7.81% and a return on equity of 20.11%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $2.49 earnings per share. Five Below’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that Five Below will post 5.62 earnings per share for the current year.
Analyst Ratings Changes
In other news, CMO Michael Romanko sold 3,750 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in FIVE. 1832 Asset Management L.P. acquired a new position in Five Below in the fourth quarter worth about $99,794,000. Wasatch Advisors Inc. raised its position in Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after purchasing an additional 471,349 shares in the last quarter. Morgan Stanley raised its position in Five Below by 37.2% in the fourth quarter. Morgan Stanley now owns 1,058,383 shares of the specialty retailer’s stock worth $187,196,000 after purchasing an additional 286,839 shares in the last quarter. Norges Bank acquired a new position in Five Below in the fourth quarter worth about $50,684,000. Finally, T. Rowe Price Investment Management Inc. raised its position in Five Below by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock worth $482,922,000 after purchasing an additional 259,012 shares in the last quarter.
Five Below Company Profile
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.
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