Five Below (NASDAQ:FIVE) Hits New 52-Week High on Strong Earnings

Key Points

• Five Below's shares reached a new 52-week high of $146.66 after reporting stronger-than-expected earnings of $0.81 per share, surpassing analysts' estimates of $0.61.
• Revenue for the quarter was reported at $1.03 billion, a 23.7% increase year-over-year, significantly higher than the consensus estimate of $988.91 million.
• Several analysts revised their ratings, with Telsey Advisory Group setting a new price target of $144.00, while Loop Capital increased their target to $165.00 and upgraded the stock to "buy."

Five Below, Inc. (NASDAQ:FIVE - Get Free Report) shares hit a new 52-week high on Thursday following a better than expected earnings announcement. The stock traded as high as $146.66 and last traded at $144.41, with a volume of 2722836 shares changing hands. The stock had previously closed at $141.98.

The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.20. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $988.91 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The business's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS.

Analyst Ratings Changes

Several analysts recently issued reports on FIVE shares. Telsey Advisory Group upped their price target on shares of Five Below from $128.00 to $144.00 and gave the company a "market perform" rating in a report on Friday, August 22nd. Loop Capital raised shares of Five Below from a "hold" rating to a "buy" rating and upped their price target for the company from $130.00 to $165.00 in a report on Tuesday, August 12th. Bank of America upped their price target on shares of Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a report on Thursday, June 5th. Truist Financial reaffirmed a "hold" rating on shares of Five Below in a report on Wednesday, August 13th. Finally, Citigroup upped their price target on shares of Five Below from $135.00 to $142.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $124.47.

Insiders Place Their Bets

In other Five Below news, insider George Hill sold 1,500 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total transaction of $210,000.00. Following the sale, the insider directly owned 42,672 shares of the company's stock, valued at approximately $5,974,080. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the sale, the insider directly owned 25,890 shares in the company, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,200 shares of company stock valued at $1,740,209. Company insiders own 1.90% of the company's stock.

Institutional Trading of Five Below

Large investors have recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of Five Below in the 2nd quarter worth about $26,000. IFP Advisors Inc increased its holdings in shares of Five Below by 653.8% in the 2nd quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 170 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Five Below in the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Five Below by 1,097.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after acquiring an additional 417 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Five Below by 246.9% in the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 353 shares during the period.

Five Below Stock Performance

The stock's fifty day moving average is $134.89 and its two-hundred day moving average is $104.48. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 30.27 and a beta of 1.06.

About Five Below

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 lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.