Five Below (NASDAQ:FIVE) Releases Q1 Earnings Guidance

Five Below (NASDAQ:FIVE – Get Rating) issued an update on its first quarter 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 $0.69. The company issued revenue guidance of $723-735 million, compared to the consensus revenue estimate of $730.25 million. Five Below also updated its FY 2023 guidance to $5.25-$5.76 EPS.

Five Below Trading Down 1.0 %

FIVE stock opened at $193.40 on Friday. The stock’s fifty day simple moving average is $197.80 and its two-hundred 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 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.

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 for the quarter, hitting the consensus estimate of $3.07. Five Below had a return on equity of 20.11% and a net margin of 7.81%. The business had revenue of $1.12 billion for 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 revenue was up 12.7% on a year-over-year basis. As a group, analysts forecast that Five Below will post 5.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on FIVE. Craig Hallum upped their price target on Five Below from $178.00 to $200.00 in a research report on Thursday, December 1st. Citigroup upped their price target on Five Below from $170.00 to $186.00 in a research report on Monday, November 28th. Telsey Advisory Group reaffirmed an outperform rating and set a $230.00 price target on shares of Five Below in a research report on Tuesday. TheStreet raised Five Below from a c+ rating to a b rating in a research report on Wednesday. Finally, StockNews.com began coverage on Five Below in a research report on Thursday. They set a sell rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $207.50.

Insiders Place Their Bets

In other Five Below 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 transaction, the chief marketing officer now directly 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. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Five Below by 93.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 93 shares during the last quarter. CENTRAL TRUST Co increased its stake in Five Below by 29.6% in the 3rd quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 80 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Five Below in the 4th quarter worth approximately $70,000. Covestor Ltd increased its stake in Five Below by 108.6% in the 1st quarter. Covestor Ltd now owns 582 shares of the specialty retailer’s stock worth $92,000 after purchasing an additional 303 shares during the period. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Five Below in the fourth quarter worth approximately $217,000.

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.