Five Below (FIVE) Board Declares Share Repurchase Plan
Five Below (NASDAQ:FIVE) announced that its board has initiated a share buyback plan, which permits the company to buyback $100.00 million in outstanding shares on Wednesday, March 21st, EventVestor reports. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Shares of Five Below (NASDAQ:FIVE) opened at $69.96 on Friday. The company has a market cap of $3,810.12, a P/E ratio of 45.73, a price-to-earnings-growth ratio of 0.99 and a beta of 0.62. Five Below has a 1 year low of $40.40 and a 1 year high of $73.55.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The company had revenue of $505.00 million during the quarter, compared to the consensus estimate of $502.74 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. equities analysts anticipate that Five Below will post 1.81 EPS for the current fiscal year.
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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