Five Below (NASDAQ:FIVE) Issues FY 2022 Earnings Guidance

Five Below (NASDAQ:FIVE – Get Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $5.190-$5.700 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.860. The company issued revenue guidance of $3.16 billion-$3.26 billion, compared to the consensus revenue estimate of $3.33 billion.Five Below also updated its Q1 2022 guidance to $0.540-$0.620 EPS.

FIVE has been the topic of several recent research reports. Loop Capital lowered their price target on shares of Five Below from $210.00 to $165.00 in a research note on Thursday, March 31st. Craig Hallum lowered their price target on shares of Five Below from $240.00 to $230.00 in a research note on Thursday, March 31st. Citigroup upgraded shares of Five Below from a neutral rating to a buy rating and lifted their price target for the company from $176.00 to $205.00 in a research note on Thursday, March 31st. JPMorgan Chase & Co. lowered their price target on shares of Five Below from $252.00 to $207.00 and set an overweight rating on the stock in a research note on Thursday, March 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Five Below from $276.00 to $284.00 and gave the company a buy rating in a research note on Thursday, March 31st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $223.50.

Shares of FIVE stock opened at $182.37 on Wednesday. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 1.67 and a beta of 1.38. The company has a 50-day simple moving average of $164.52 and a 200 day simple moving average of $181.22. Five Below has a 52 week low of $143.44 and a 52 week high of $237.86.

Five Below (NASDAQ:FIVE – Get Rating) last announced its earnings results on Wednesday, March 30th. The specialty retailer reported $2.49 EPS for the quarter, topping the consensus estimate of $2.48 by $0.01. The business had revenue of $996.30 million during the quarter, compared to the consensus estimate of $1.01 billion. Five Below had a net margin of 9.79% and a return on equity of 27.29%. Five Below’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 EPS. As a group, equities research analysts anticipate that Five Below will post 5.55 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Five Below by 0.9% during the 4th quarter. BlackRock Inc. now owns 4,704,218 shares of the specialty retailer’s stock worth $973,255,000 after buying an additional 43,060 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Five Below by 4.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 216,700 shares of the specialty retailer’s stock valued at $44,833,000 after purchasing an additional 8,244 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Five Below by 2.7% in the 4th quarter. Parametric Portfolio Associates LLC now owns 121,189 shares of the specialty retailer’s stock valued at $25,073,000 after purchasing an additional 3,185 shares during the period. Deutsche Bank AG boosted its holdings in Five Below by 794.1% in the 4th quarter. Deutsche Bank AG now owns 87,069 shares of the specialty retailer’s stock valued at $18,014,000 after purchasing an additional 77,331 shares during the period. Finally, Sei Investments Co. boosted its holdings in Five Below by 1.3% in the 4th quarter. Sei Investments Co. now owns 76,329 shares of the specialty retailer’s stock valued at $15,790,000 after purchasing an additional 962 shares during the period. 99.35% of the stock is owned by institutional investors and hedge funds.

About Five Below (Get Rating)

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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