Five Below, Inc. (NASDAQ:FIVE – Get Rating) – Stock analysts at Oppenheimer reduced their FY2024 earnings estimates for Five Below in a research report issued on Wednesday, January 25th. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $5.48 for the year, down from their previous forecast of $5.81. Oppenheimer has a "Outperform" rating and a $235.00 price objective 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 FY2025 earnings at $7.25 EPS and FY2026 earnings at $9.31 EPS.Get Five Below alerts:
Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group initiated coverage on shares of Five Below in a research report on Monday, December 19th. They issued a "neutral" rating and a $185.00 price target for the company. Truist Financial increased their price objective on shares of Five Below from $161.00 to $196.00 in a report on Thursday, December 1st. Morgan Stanley raised their price objective 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. Telsey Advisory Group lifted their price target on shares of Five Below to $175.00 and gave the company an "outperform" rating in a research report on Monday, November 28th. Finally, BNP Paribas upgraded shares of Five Below from a "neutral" rating to an "outperform" rating in a report on Thursday, December 15th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $188.48.
Five Below Stock Up 0.8 %Five Below stock opened at $193.65 on Thursday. The company has a market cap of $10.75 billion, a PE ratio of 47.12, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. Five Below has a twelve month low of $109.49 and a twelve month high of $195.95. The company's 50-day moving average price is $177.08 and its 200-day moving average price is $150.68.
Five Below (NASDAQ:FIVE – Get Rating) last issued its quarterly 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. The business had revenue of $645.03 million for the quarter, compared to analysts' expectations of $611.16 million. Five Below had a net margin of 7.81% and a return on equity of 20.11%.
Hedge Funds Weigh In On Five Below
Hedge funds and other institutional investors have recently modified their holdings of the business. Darsana Capital Partners LP acquired a new stake in shares of Five Below during the 2nd quarter valued at $161,638,000. FMR LLC increased its holdings in Five Below by 25.1% during the 2nd quarter. FMR LLC now owns 7,061,002 shares of the specialty retailer's stock worth $800,929,000 after purchasing an additional 1,415,117 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Five Below by 63.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,661,903 shares of the specialty retailer's stock worth $228,795,000 after buying an additional 644,271 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Five Below in the 2nd quarter worth approximately $70,023,000. Finally, Armistice Capital LLC purchased a new position in shares of Five Below in the 3rd quarter worth approximately $76,163,000.
Insider Activity at Five Below
In other Five Below news, CEO Joel D. Anderson sold 10,000 shares of the stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $185.57, for a total value of $1,855,700.00. Following the completion of the sale, the chief executive officer now directly owns 49,415 shares in the company, valued at $9,169,941.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Michael Romanko sold 3,750 shares of the stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $191.50, for a total transaction of $718,125.00. Following the transaction, the chief marketing officer now owns 8,901 shares in the company, valued at $1,704,541.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joel D. Anderson sold 10,000 shares of the firm's stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $185.57, for a total value of $1,855,700.00. Following the transaction, the chief executive officer now owns 49,415 shares in the company, valued at approximately $9,169,941.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,325 shares of company stock worth $6,919,010. 1.90% of the stock is owned by insiders.
About Five Below
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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