Five Below (NASDAQ:FIVE) Releases Q2 2024 Earnings Guidance

Five Below (NASDAQ:FIVE) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.530-0.560 for the period, compared to the consensus estimate of 0.620. The company issued revenue guidance of $820.0 million-$826.0 million, compared to the consensus revenue estimate of $836.5 million.

Wall Street Analysts Forecast Growth

FIVE has been the topic of several recent analyst reports. Mizuho lowered shares of Five Below from an outperform rating to a neutral rating and lowered their target price for the stock from $150.00 to $85.00 in a research report on Wednesday, July 17th. Evercore ISI lowered shares of Five Below from an outperform rating to an inline rating and lowered their price target for the company from $160.00 to $113.00 in a report on Wednesday, July 17th. Wells Fargo & Company decreased their price objective on shares of Five Below from $145.00 to $115.00 and set an overweight rating for the company in a report on Wednesday, July 17th. StockNews.com downgraded shares of Five Below from a hold rating to a sell rating in a research report on Saturday, June 8th. Finally, William Blair downgraded shares of Five Below from an outperform rating to a market perform rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Five Below currently has an average rating of Hold and an average target price of $115.89.

Five Below Trading Down 1.7 %

Shares of FIVE stock traded down $1.25 during trading on Thursday, reaching $71.75. 1,811,947 shares of the company’s stock traded hands, compared to its average volume of 1,273,080. The company has a market capitalization of $3.95 billion, a P/E ratio of 13.49, a PEG ratio of 0.94 and a beta of 1.19. The firm’s 50-day moving average is $112.09 and its 200 day moving average is $154.47. Five Below has a 1 year low of $71.56 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The company had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. During the same period in the previous year, the company earned $0.67 EPS. Five Below’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Five Below will post 4.89 earnings per share for the current fiscal year.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.