Five Below (NASDAQ:FIVE – Get Rating) updated its third quarter 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.08-$0.19 for the period, compared to the consensus earnings per share estimate of $0.29. The company issued revenue guidance of $600.00 million-$619.00 million, compared to the consensus revenue estimate of $636.46 million. Five Below also updated its FY 2022 guidance to $4.26-$4.56 EPS.
Wall Street Analyst Weigh In
FIVE has been the topic of a number of analyst reports. Craig Hallum reduced their price objective on shares of Five Below to $178.00 in a research note on Tuesday, September 6th. Wells Fargo & Company reduced their price target on shares of Five Below from $240.00 to $160.00 and set an overweight rating on the stock in a research report on Thursday, June 9th. KeyCorp lowered their price objective on shares of Five Below from $190.00 to $172.00 and set an overweight rating for the company in a research report on Thursday, September 1st. The Goldman Sachs Group reaffirmed a buy rating and issued a $157.00 target price on shares of Five Below in a report on Friday, September 2nd. Finally, Telsey Advisory Group lowered their price target on Five Below from $158.00 to $150.00 and set an outperform rating for the company in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Five Below presently has a consensus rating of Moderate Buy and an average price target of $169.89.
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Five Below Price Performance
Shares of NASDAQ:FIVE traded up $0.54 during midday trading on Wednesday, hitting $134.52. 27,018 shares of the company's stock were exchanged, compared to its average volume of 965,041. Five Below has a 12 month low of $109.49 and a 12 month high of $221.00. The company has a market cap of $7.47 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. The stock has a 50 day moving average price of $130.68 and a 200-day moving average price of $141.44.
Five Below (NASDAQ:FIVE – Get Rating) last posted its earnings results on Wednesday, August 31st. The specialty retailer reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.04). The company had revenue of $668.93 million during the quarter, compared to the consensus estimate of $681.30 million. Five Below had a net
margin of 8.19% and a return on equity of 21.52%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 EPS. On average, analysts anticipate that Five Below will post 4.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Five Below
A number of hedge funds and other institutional investors have recently modified their holdings of FIVE. Raymond James Financial Services Advisors Inc. grew its stake in Five Below by 2.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer's stock valued at $710,000 after purchasing an additional 119 shares during the period. Private Advisor Group LLC bought a new stake in shares of Five Below in the 1st quarter worth approximately $209,000. Citigroup Inc. grew its stake in shares of Five Below by 10.7% during the 1st quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer's stock worth $2,649,000 after acquiring an additional 1,610 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Five Below by 793.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer's stock worth $248,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Five Below by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer's stock worth $4,936,000 after acquiring an additional 2,155 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.
About Five Below
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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.
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