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

Five Below, Inc. (NASDAQ:FIVEFree Report) – 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.

Get Our Latest Research Report on FIVE

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:FIVEGet Free Report) 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

(Get Free Report)

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 d├ęcor, accent furniture, and related items, as well as provides storage options.

See Also

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

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