Five Below shares fall sharply on Q1 results miss, lowered 2024 outlook

Despite mixed earnings Five Below is still a good long-term growth story. Here's why

Five Below's (NASDAQ: FIVE) recent earnings report presented a mixed picture, but UBS analysts believe the company's long-term growth prospects are still strong.

"FIVE's 1Q print fell short of expectations," UBS acknowledges. The company's sales growth came in lower than anticipated, and early signs... More

Five Below (FIVE) PT Lowered to $155 at Deutsche Bank

Deutsche Bank analyst Paul Trussell lowered the price target on Five Below (NASDAQ: FIVE) to $155.00 (from $177.00) while maintaining a Buy rating.

The analyst comments "With the challenged macro landscape weighing heavily on its core lower-income consumer, FIVE delivered 1Q results that were worse-than-feared. FIVE saw... More

Five Below (FIVE) PT Lowered to $176 at Barclays

Barclays analyst Karen Short lowered the price target on Five Below (NASDAQ: FIVE) to $176.00 (from $214.00) while maintaining a Overweight rating.

The analyst comments "The Q1 slowdown and guidance cut overshadowed positive signals from shrink initiatives, which was one of the bigger debates... More

Five Below (FIVE) PT Lowered to $165 at Guggenheim

Guggenheim analyst John Heinbockel lowered the price target on Five Below (NASDAQ: FIVE) to $165.00 (from $230.00) while maintaining a Buy rating.

The analyst comments "The seemingly sudden, significant comp deterioration is perplexing and problematic since it further elevates P&L uncertainty heading into a potentially... More

Five Below (FIVE) PT Lowered to $160 at Evercore ISI

Evercore ISI analyst Michael Montani lowered the price target on Five Below (NASDAQ: FIVE) to $160.00 (from $200.00) while maintaining a Outperform rating.

The analyst comments "Five has spent the majority of its history playing offense with rapid store growth, steady traffic gain, and EBIT margin... More

Five Below (FIVE) PT Lowered to $122 at JPMorgan

JPMorgan analyst Matthew Boss lowered the price target on Five Below (NASDAQ: FIVE) to $122.00 (from $170.00) while maintaining a Neutral rating.

The analyst comments "We rate FIVE Neutral. FIVE targets mid-teens unit growth expansion and low-single-digit comps (i.e., +2-4%) with roughly flat margins and a... More

Five Below (FIVE) PT Lowered to $155 at Telsey

Telsey analyst Joseph Feldman lowered the price target on Five Below (NASDAQ: FIVE) to $155.00 (from $220.00) while maintaining a Outperform rating.

The analyst comments "Five Below reported disappointing 1Q24 earnings and lowered its 2024 guidance. We were surprised by the magnitude of comp... More

Five Below (FIVE) Misses Q1 EPS by 3c, Offers Guidance

(Updated - June 5, 2024 4:27 PM EDT)

Five Below (NASDAQ: FIVE) reported Q1 EPS of $0.60, $0.03 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $811.9 million versus the consensus estimate of $835.01 million.

GUIDANCE:

Five Below sees Q2... More