Headlines about Five Below (NASDAQ:FIVE) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Five Below earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.8026690092366 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- HomeGoods sets opening date in Florence (scnow.com)
- Discount retailer Five Below opening location at west Little Rock shopping center, firm says (arkansasonline.com)
- Five Below coming to Little Rock this summer (thv11.com)
- Is There Life For Five Below After The Fidget Spinner Craze? (finance.yahoo.com)
- Contrasting Five Below (FIVE) and The Competition (americanbankingnews.com)
NASDAQ FIVE traded down $1.83 during trading hours on Friday, reaching $70.70. 1,194,622 shares of the stock traded hands, compared to its average volume of 1,192,085. Five Below has a 1 year low of $43.68 and a 1 year high of $73.86. The company has a market capitalization of $3,988.71, a price-to-earnings ratio of 39.50, a PEG ratio of 1.14 and a beta of 0.58.
Five Below announced that its board has initiated a stock buyback program on Wednesday, March 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts have recently issued reports on the company. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a report on Monday. BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Loop Capital increased their price objective on Five Below from $64.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, March 22nd. Buckingham Research reduced their price objective on Five Below from $81.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday, March 20th. Finally, Zacks Investment Research lowered Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Five Below has a consensus rating of “Buy” and a consensus target price of $66.09.
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Five Below Company Profile
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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