Five Below (NASDAQ:FIVE) Issues Q1 2022 Earnings Guidance

Five Below (NASDAQ:FIVEGet Rating) issued an update on its first quarter 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.540-$0.620 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.890. The company issued revenue guidance of $644 million-$658 million, compared to the consensus revenue estimate of $686.64 million.Five Below also updated its FY 2022 guidance to $5.190-$5.700 EPS.

Shares of Five Below stock opened at $182.37 on Wednesday. The firm has a market cap of $10.16 billion, a P/E ratio of 36.84, a P/E/G ratio of 1.67 and a beta of 1.38. Five Below has a fifty-two week low of $143.44 and a fifty-two week high of $237.86. The business has a 50-day moving average price of $164.52 and a 200 day moving average price of $181.22.

Five Below (NASDAQ:FIVEGet Rating) last announced its quarterly earnings data on Wednesday, March 30th. The specialty retailer reported $2.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.48 by $0.01. The firm had revenue of $996.30 million during the quarter, compared to analyst estimates of $1.01 billion. Five Below had a return on equity of 27.29% and a net margin of 9.79%. Five Below’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.20 earnings per share. On average, equities analysts anticipate that Five Below will post 5.55 EPS for the current year.

Several analysts recently weighed in on FIVE shares. Loop Capital lowered their price objective on Five Below from $210.00 to $165.00 in a report on Thursday, March 31st. Citigroup raised Five Below from a neutral rating to a buy rating and upped their target price for the company from $176.00 to $205.00 in a report on Thursday, March 31st. UBS Group raised Five Below from a neutral rating to a buy rating and lowered their target price for the company from $215.00 to $200.00 in a report on Monday, March 7th. KeyCorp raised Five Below from a sector weight rating to an overweight rating and set a $230.00 target price for the company in a report on Friday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on Five Below from $252.00 to $207.00 and set an overweight rating for the company in a report on Thursday, March 17th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Buy and a consensus price target of $223.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lombard Odier Asset Management USA Corp lifted its position in Five Below by 193.1% in the fourth quarter. Lombard Odier Asset Management USA Corp now owns 4,575 shares of the specialty retailer’s stock worth $947,000 after purchasing an additional 3,014 shares during the period. Cetera Investment Advisers acquired a new stake in Five Below in the fourth quarter worth approximately $216,000. Sei Investments Co. lifted its position in Five Below by 1.3% in the fourth quarter. Sei Investments Co. now owns 76,329 shares of the specialty retailer’s stock worth $15,790,000 after purchasing an additional 962 shares during the period. NEXT Financial Group Inc lifted its position in Five Below by 4.0% in the fourth quarter. NEXT Financial Group Inc now owns 3,115 shares of the specialty retailer’s stock worth $644,000 after purchasing an additional 120 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in Five Below by 4.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 216,700 shares of the specialty retailer’s stock worth $44,833,000 after purchasing an additional 8,244 shares during the period. Institutional investors and hedge funds own 99.35% of the company’s stock.

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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Earnings History and Estimates for Five Below (NASDAQ:FIVE)

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