Five Below (NASDAQ:FIVE) declared that its Board of Directors has initiated a stock buyback program, which allows the company to buyback $100.00 million in outstanding shares on Wednesday, March 21st, EventVestor reports. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Shares of FIVE stock opened at $71.71 on Tuesday. The company has a market cap of $3,829.50, a PE ratio of 38.97, a price-to-earnings-growth ratio of 1.00 and a beta of 0.62. Five Below has a 1 year low of $41.75 and a 1 year high of $73.55.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The business had revenue of $505.00 million during the quarter, compared to analyst estimates of $502.74 million. Five Below had a net margin of 8.02% and a return on equity of 26.00%. The company’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. analysts anticipate that Five Below will post 2.4 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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