Brokers Offer Predictions for Five Below, Inc.’s Q1 2024 Earnings (NASDAQ:FIVE)

Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Stock analysts at KeyCorp issued their Q1 2024 earnings per share (EPS) estimates for shares of Five Below in a note issued to investors on Wednesday, March 15th. KeyCorp analyst B. Thomas anticipates that the specialty retailer will post earnings per share of $0.62 for the quarter. KeyCorp has a “Overweight” rating and a $225.00 price objective on the stock. The consensus estimate for Five Below’s current full-year earnings is $5.61 per share. KeyCorp also issued estimates for Five Below’s Q2 2024 earnings at $0.90 EPS, Q3 2024 earnings at $0.42 EPS, Q4 2024 earnings at $3.61 EPS and FY2025 earnings at $6.50 EPS.

A number of other research firms have also weighed in on FIVE. UBS Group lifted their price objective on shares of Five Below from $165.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, December 1st. StockNews.com assumed coverage on shares of Five Below in a research note on Thursday. They issued a “sell” rating for the company. Needham & Company LLC boosted their price target on shares of Five Below from $172.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, December 1st. Wells Fargo & Company upped their price objective on shares of Five Below from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 4th. Finally, Gordon Haskett upgraded shares of Five Below from an “accumulate” rating to a “buy” rating and boosted their price target for the company from $190.00 to $240.00 in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $207.50.

Five Below Stock Down 1.0 %

Five Below stock opened at $193.40 on Friday. The stock has a market cap of $10.74 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.86 and a beta of 1.15. The company’s 50 day moving average price is $198.13 and its two-hundred day moving average price is $168.57. Five Below has a 52 week low of $109.49 and a 52 week high of $212.56.

Five Below (NASDAQ:FIVE – Get Rating) last announced its quarterly earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 earnings per share for the quarter, meeting the consensus estimate of $3.07. Five Below had a net margin of 8.50% and a return on equity of 22.66%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $2.49 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Institutional Trading of Five Below

Several hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its position in shares of Five Below by 2.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer’s stock worth $710,000 after acquiring an additional 119 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Five Below during the 1st quarter worth $209,000. Citigroup Inc. raised its stake in Five Below by 10.7% in the 1st quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer’s stock valued at $2,649,000 after purchasing an additional 1,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Five Below by 793.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer’s stock valued at $248,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Five Below by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer’s stock valued at $4,936,000 after purchasing an additional 2,155 shares during the last quarter.

Insider Transactions 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 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Five Below Company Profile

(Get Rating)

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.