Services Stock in the News – Five Below Inc (NASDAQ:FIVE)
On Wednesday, Five Below Inc (NASDAQ:FIVE) fell -1.85% with the overall traded volume of 2.97M shares above its average volume of 938,089.00 shares. The company has the market value of $2.08B and its EPS ratio for the past year was $1.17. The company finished business at $38.13.
Five Below, Inc. (FIVE) recently declared financial results for the thirteen weeks and fifty-two weeks ended January 28, 2017.
For the thirteen weeks ended January 28, 2017:
- Net sales raised 18.90% to $388.10M from $326.40M in the fourth quarter of fiscal 2015; comparable sales raised 1.0%.
- Operating income raised 17.1% to $78.90M from $67.40M in the fourth quarter of fiscal 2015.
- The Company opened 5 net new stores and ended the quarter with 522 stores in 31 states. This represents a boost of 19.50% from the end of the fourth quarter of fiscal 2015.
- Net income was $49.80M, a boost of 18.5% contrast to $42.0M in the fourth quarter of fiscal 2015.
- Diluted income per common share was $0.90, a boost of 16.90% contrast to $0.77 in the fourth quarter of fiscal 2015.
For the fifty-two weeks ended January 28, 2017:
- Net sales raised 20.2% to $1,000.40M contrast to $832.0M in the comparable period in fiscal 2015; comparable sales raised 2.0%.
- Operating income raised 22.6% to $114.0M contrast to $92.90M in the comparable period in fiscal 2015.
- The Company opened 85 net new stores contrast to 71 net new stores opened in fiscal 2015.
- Net income was $71.80M, a boost of 24.50% contrast to $57.70M in the comparable period in fiscal 2015.
- Diluted income per common share was $1.30, a boost of 23.80% contrast to $1.05 per share in the comparable period in fiscal 2015.
Joel Anderson, CEO, stated: “Our performance in 2016 once again demonstrates the strength, consistency and broad appeal of the Five Below model with a compelling merchandise assortment designed to ‘wow’ our customers at incredible values. We achieved another strong year of 20% sales growth, reaching the $1.0B milestone in sales as we opened 85 net new stores and delivered our 11th successive year of positive comparable sales growth. This top line performance was accompanied by operating leverage, while we continued to invest in the business, resulting in a 24% increase in EPS for 2016.”
“We are eager to be opening about 100 new stores this year and to bring our unique and differentiated concept to California. The strength of our business model, commitment to delivering unbelievable value to our customers and disciplined execution continue to drive our success. We have a strong track record as a leading high growth value retailer and remain on track to achieve our 20/20 through 2020 strategy.”
First Quarter and Fiscal 2017 Outlook:
For the first quarter of fiscal 2017, net sales are predictable to be in the range of $228.0M to $232.0M based on opening about 26 new stores and assuming a flat to 2% increase in comparable sales. Net income is predictable to be in the range of $6.60M to $7.60M, with a diluted income per common share range of $0.12 to $0.14 on about 55.30M estimated diluted weighted average shares outstanding.
The fiscal 2017 results will contain an additional, non-comparable week, or the “53rd week” in the fourth quarter. For the full year of fiscal 2017, net sales are predictable to be in the range of $1.210B to $1.230B based on opening about 100 new stores and assuming a low single digit increase in comparable sales. Net income is predictable to be in the range of $86.0M to $89.50M, with a diluted income per common share range of $1.55 to $1.61 on about 55.60M estimated diluted weighted average shares outstanding. The 53rd week is predictable to contribute about $15.0M in sales and about $0.02 in diluted income per common share.
Technical Analysis:
The company has 54.88M shares outstanding and 0.00% shares of the company were owned by institutional investors. The company has 2.23 value in price to sale ratio while price to book ratio was recorded as 7.52. The company earned $ 64.10M in prior twelve months on revenue of $ 938.70M. It beta stands at 0.97.
Analyst recommendation for this stock stands at 2.00.