Five Below (NASDAQ:FIVE) Releases Q2 2022 Earnings Guidance

Five Below (NASDAQ:FIVE – Get Rating) updated its second quarter 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.74-$0.86 for the period, compared to the consensus estimate of $1.20. The company issued revenue guidance of $675.00 million-$695.00 million, compared to the consensus revenue estimate of $729.47 million. Five Below also updated its FY 2022 guidance to $4.85-$5.24 EPS.

FIVE has been the subject of several research analyst reports. KeyCorp dropped their price target on Five Below from $230.00 to $210.00 and set an overweight rating for the company in a research note on Thursday, June 9th. Evercore ISI cut their price objective on shares of Five Below to $145.00 in a research note on Thursday, June 9th. Loop Capital cut their price target on shares of Five Below from $210.00 to $165.00 in a research report on Thursday, March 31st. TheStreet cut Five Below from a b- rating to a c+ rating in a report on Thursday, June 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Five Below from $252.00 to $207.00 and set an overweight rating for the company in a research note on Thursday, March 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Five Below currently has an average rating of Moderate Buy and a consensus price target of $189.56.

Shares of Five Below stock opened at $117.74 on Wednesday. The company has a 50-day simple moving average of $143.22 and a two-hundred day simple moving average of $162.60. The stock has a market capitalization of $6.53 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.32. Five Below has a 52-week low of $110.83 and a 52-week high of $237.86.

Five Below (NASDAQ:FIVE – Get Rating) last released its quarterly earnings data on Wednesday, June 8th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $639.60 million for the quarter, compared to analysts’ expectations of $652.73 million. Five Below had a return on equity of 24.53% and a net margin of 9.06%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. On average, research analysts forecast that Five Below will post 4.99 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in FIVE. Canada Pension Plan Investment Board boosted its stake in shares of Five Below by 93.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after buying an additional 93 shares during the last quarter. Covestor Ltd grew its stake in shares of Five Below by 108.6% during the 1st quarter. Covestor Ltd now owns 582 shares of the specialty retailer’s stock valued at $92,000 after purchasing an additional 303 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Five Below during the 4th quarter valued at about $216,000. Private Advisor Group LLC bought a new position in Five Below in the first quarter worth approximately $209,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Five Below by 793.1% during the first 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 in the last quarter. Hedge funds and other institutional investors own 99.20% of the company’s stock.

Five Below Company Profile (Get Rating)

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including 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, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.

Read More