Media headlines about Five Below (NASDAQ:FIVE) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Five Below earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 47.2141352395955 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
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Dollar extends rally to five-month high; euro weak (reuters.com) OPEC+ deals target met in March as reserves dropped below five-year average (azernews.az) Euro slides below $1.18 on Italy debt concerns and dollar jump (investing.com) Five Below to open Shreveport store June 22; another planned for center being built in Ruston (ksla.com) Five Below to open first San Diego stores (smartbrief.com)
FIVE has been the subject of a number of recent research reports. Loop Capital boosted their price objective on Five Below from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, March 22nd. BidaskClub lowered Five Below from a “strong-buy” rating to a “buy” rating in a report on Friday, February 16th. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research lowered Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Credit Suisse Group initiated coverage on Five Below in a report on Tuesday, April 17th. They set an “outperform” rating and a $5.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Five Below currently has an average rating of “Buy” and an average price target of $63.50.
Five Below opened at $74.65 on Thursday, MarketBeat.com reports. The company has a market capitalization of $4.02 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 1.14 and a beta of 0.60. Five Below has a 12-month low of $74.28 and a 12-month high of $75.32.
Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The company had revenue of $505.00 million during the quarter, compared to analyst estimates of $502.74 million. Five Below had a return on equity of 26.00% and a net margin of 8.02%. Five Below’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. analysts anticipate that Five Below will post 2.4 EPS for the current year.
Five Below declared that its board has approved a stock repurchase plan on Wednesday, March 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.
In related news, EVP Michael Romanko sold 6,227 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $77.17, for a total value of $480,537.59. Following the transaction, the executive vice president now owns 27,684 shares in the company, valued at $2,136,374.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d茅cor, and related items, as well as provides storage options for the customers room.