Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Five Below (NASDAQ:FIVE) Stock Price
News stories about Five Below (NASDAQ:FIVE) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Five Below earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 45.6956327527216 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- See what the IHS Markit Score report has to say about Five Below Inc. (finance.yahoo.com)
- Is Five Below, Inc. (FIVE) Stock is Risky? – Stocks Gallery (stocksgallery.com)
- Taking a Deep Dive into Technical Levels for Five Below Inc (FIVE) – Evergreen Caller (evergreencaller.com)
- Brokerages Expect Five Below, Inc. (NASDAQ:FIVE) Will Post Quarterly Sales of $276.82 Million (americanbankingnews.com)
- Five Below Inc (FIVE)’s MFI Reading Under The Lens – FLBC News (flbcnews.com)
Several brokerages have recently weighed in on FIVE. Loop Capital restated a “buy” rating and issued a $54.00 price objective on shares of Five Below in a report on Wednesday, May 3rd. Gordon Haskett began coverage on Five Below in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $57.00 price objective for the company. Vetr cut Five Below from a “hold” rating to a “sell” rating and set a $47.56 price objective for the company. in a report on Wednesday, April 26th. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $50.00 price objective on shares of Five Below in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Five Below has an average rating of “Buy” and an average target price of $53.74.
Shares of Five Below (NASDAQ:FIVE) traded up 0.43% during midday trading on Friday, reaching $48.50. 340,674 shares of the company traded hands. The company has a 50-day moving average of $47.96 and a 200 day moving average of $45.64. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13. The firm has a market capitalization of $2.67 billion, a PE ratio of 36.49 and a beta of 0.94.
Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million during the quarter, compared to analysts’ expectations of $230.75 million. During the same period last year, the company posted $0.12 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities analysts forecast that Five Below will post $1.64 earnings per share for the current year.
In related news, CFO Kenneth R. Bull sold 17,300 shares of Five Below stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the transaction, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.22% of the company’s stock.
About Five Below
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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