FY2024 Earnings Estimate for Five Below, Inc. (NASDAQ:FIVE) Issued By William Blair

Five Below, Inc. (NASDAQ:FIVE) – Equities researchers at William Blair lowered their FY2024 earnings per share estimates for shares of Five Below in a research report issued on Thursday, August 31st. William Blair analyst P. Blee now anticipates that the specialty retailer will post earnings per share of $5.50 for the year, down from their prior estimate of $5.63. The consensus estimate for Five Below’s current full-year earnings is $5.59 per share.

A number of other brokerages have also recently issued reports on FIVE. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup dropped their price target on Five Below from $225.00 to $220.00 in a report on Wednesday, May 24th. Loop Capital dropped their price target on Five Below from $200.00 to $175.00 and set a “hold” rating for the company in a report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of Five Below in a report on Friday. Finally, Craig Hallum dropped their price target on Five Below from $224.00 to $215.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Five Below presently has an average rating of “Moderate Buy” and an average target price of $214.36.

Five Below Trading Down 1.5 %

Shares of FIVE opened at $169.30 on Friday. Five Below has a 1 year low of $125.82 and a 1 year high of $220.19. The stock has a 50 day simple moving average of $194.95 and a 200-day simple moving average of $196.77. The stock has a market cap of $9.42 billion, a PE ratio of 34.76, a PEG ratio of 1.45 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. Five Below had a return on equity of 20.90% and a net margin of 8.42%. The business had revenue of $759.00 million during the quarter, compared to analysts’ expectations of $760.02 million. During the same period in the prior year, the firm posted $0.74 EPS. Five Below’s quarterly revenue was up 13.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FIVE. Price T Rowe Associates Inc. MD boosted its position in shares of Five Below by 2,513.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock worth $801,779,000 after purchasing an additional 3,743,768 shares during the last quarter. 1832 Asset Management L.P. bought a new position in Five Below during the fourth quarter worth about $99,794,000. William Blair Investment Management LLC bought a new position in Five Below during the first quarter worth about $116,066,000. Montrusco Bolton Investments Inc. lifted its holdings in Five Below by 83.6% during the second quarter. Montrusco Bolton Investments Inc. now owns 1,143,857 shares of the specialty retailer’s stock worth $219,947,000 after acquiring an additional 520,724 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its holdings in Five Below by 21.4% during the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after acquiring an additional 471,349 shares in the last quarter.

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 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.