Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Research analysts at Oppenheimer issued their FY2023 earnings estimates for shares of Five Below in a research report issued on Wednesday, January 25th. Oppenheimer analyst B. Nagel anticipates that the specialty retailer will post earnings of $4.69 per share for the year. Oppenheimer currently has a "Outperform" rating and a $235.00 target price on the stock. The consensus estimate for Five Below's current full-year earnings is $4.69 per share. Oppenheimer also issued estimates for Five Below's Q4 2023 earnings at $3.06 EPS.
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A number of other equities research analysts also recently weighed in on FIVE. Evercore ISI boosted their price objective on shares of Five Below from $155.00 to $170.00 in a research report on Thursday, December 1st. William Blair started coverage on shares of Five Below in a research report on Wednesday, December 7th. They set an "outperform" rating for the company. BNP Paribas raised shares of Five Below from a "neutral" rating to an "outperform" rating in a research report on Thursday, December 15th. Craig Hallum upped their target price on shares of Five Below from $178.00 to $200.00 in a research report on Thursday, December 1st. Finally, Morgan Stanley upped their target price on shares of Five Below from $145.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 5th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $188.48.
Five Below Stock Up 0.8 %
Shares of NASDAQ:FIVE opened at $195.23 on Friday. Five Below has a fifty-two week low of $109.49 and a fifty-two week high of $196.45. The firm has a 50-day simple moving average of $177.89 and a 200 day simple moving average of $151.20. The company has a market cap of $10.84 billion, a PE ratio of 47.50, a P/E/G ratio of 2.16 and a beta of 1.11.
Five Below (NASDAQ:FIVE – Get Rating) last released its earnings results on Wednesday, November 30th. The specialty retailer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.15. Five Below had a net margin of 7.81% and a return on equity of 20.11%. The company had revenue of $645.03 million during the quarter, compared to the consensus estimate of $611.16 million.
Institutional Investors Weigh In On Five Below
A number of large investors have recently made changes to their positions in the company. Natixis Advisors L.P. raised its holdings in shares of Five Below by 366.1% during the fourth quarter. Natixis Advisors L.P. now owns 59,182 shares of the specialty retailer's stock valued at $10,468,000 after acquiring an additional 46,486 shares during the period. Alpha DNA Investment Management LLC acquired a new stake in shares of Five Below during the fourth quarter valued at approximately $1,032,000. State of Michigan Retirement System raised its holdings in shares of Five Below by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 14,122 shares of the specialty retailer's stock valued at $2,498,000 after acquiring an additional 100 shares during the period. Steph & Co. acquired a new stake in shares of Five Below during the fourth quarter valued at approximately $136,000. Finally, CENTRAL TRUST Co raised its holdings in shares of Five Below by 30.0% during the fourth quarter. CENTRAL TRUST Co now owns 455 shares of the specialty retailer's stock valued at $80,000 after acquiring an additional 105 shares during the period.
Insider Activity at Five Below
In related news, CMO Michael Romanko sold 3,750 shares of the stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the completion of the sale, the chief marketing officer now directly owns 8,901 shares of the company's stock, valued at $1,704,541.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kenneth R. Bull sold 7,000 shares of the stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $182.40, for a total transaction of $1,276,800.00. Following the completion of the sale, the chief financial officer now directly owns 71,364 shares of the company's stock, valued at $13,016,793.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Michael Romanko sold 3,750 shares of the stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the sale, the chief marketing officer now directly owns 8,901 shares of the company's stock, valued at $1,704,541.50. The disclosure for this sale can be found here. Insiders sold a total of 37,325 shares of company stock valued at $6,919,010 over the last ninety days. Insiders own 1.90% of the company's stock.
Five Below Company Profile
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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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