Five Below Stock 23% Below After CEO Stepdown
Five Below Stock 23% Below After CEO Stepdown
Shares of value retailer $Five Below (FIVE.US)$ are diving Wednesday after the company announced a CEO transition and provided updated guidance for the second quarter. Multiple analysts downgraded the stock and slashed price targets following the announcements.
該價值零售商的股票價格週三下跌，因該公司宣佈首席執行官更替並更新了第二季度的業績指引，多個分析師在宣佈後下調了該股票的評級和目標價。$Five Below (FIVE.US)$Five Below 還宣佈，截至7月13日的10周總銷售額同比增長了9.5％，但稱可比銷售額下降了5％。因此，該公司現在預計第二季度銷售額爲8200萬美元至8260萬美元，並預計可比銷售額下降6％至7％，稀釋後每股普通股收入預計在53美分至56美分之間。
Five Below announced that Joel Anderson stepped down from his roles as president and CEO to pursue other interests. Anderson will also step down from the company's board.
Five Below宣佈，Joel Anderson辭去總裁和CEO職務，去追求其他興趣愛好。Anderson也將從公司董事會辭任。
COO Kenneth Bull has been named interim president and CEO, effective immediately. Five Below co-founder, non-executive chairman and former CEO Thomas Vellios will assume the role of executive chairman on an interim basis to support the executive leadership team while the board looks for a permanent CEO.
五個以下COO Kenneth Bull已被任命爲臨時總統兼首席執行官，並立即生效。 Five Below聯合創始人，非執行主席兼前首席執行官Thomas Vellios將在臨時基礎上擔任執行主席一職，以支持行政領導團隊，同時董事會尋找永久的首席執行官。
Five Below also announced that total sales for the 10 weeks ending July 13 increased 9.5% on a year-over-year basis, but said comparable sales fell 5%.
分析師變動： Truist Securities 分析師 Scot Ciccarelli 將 Five Below 的評級從買入下調爲持有，將目標價從136美元降至89美元 Evercore ISI Group 分析師 Michael Montani 將 Five Below 的評級從表現跑贏大盤下調爲持平，將目標價從160美元降至113美元 Mizuho 分析師 David Bellinger 將 Five Below 的評級從表現跑贏大盤下調爲中性，將目標價從150美元降至85美元 BofA Securities 分析師 Melanie Nunez 維持 Five Below 的評級爲中性，將目標價從125美元降至104美元。
As a result, the company now expects second-quarter sales of $820 million to $826 million and anticipates a 6% to 7% decrease in comparable sales. Diluted income per common share is expected to be in the range of 53 cents to 56 cents per share.
因此，該公司現預計第二季度銷售額爲820-826百萬美元，並預計可比銷售下降6%-7%。每股攤薄普通股收益預計在53美分至56美分的區間內。
Analyst Changes:
分析師變動：
Morgan Stanley analyst Simeon Gutman downgraded Five Below from Overweight to Equal-Weight and lowered the price target from $160 to $100.
大摩資源lof分析師Simeon Gutman將Five Below的評級從Overweight下調至Equal-Weight，並將目標價從160美元下調至100美元。
Truist Securities analyst Scot Ciccarelli downgraded Five Below from Buy to Hold and lowered the price target from $136 to $89.
Truist Securities 分析師 Scot Ciccarelli 將 Five Below 的評級從買入下調爲持有，將目標價從136美元降至89美元。
Evercore ISI Group analyst Michael Montani downgraded Five Below from Outperform to In-Line and lowered the price target from $160 to $113.
Evercore ISI Group 分析師 Michael Montani 將 Five Below 的評級從表現跑贏大盤下調爲持平，將目標價從160美元降至113美元。
Mizuho analyst David Bellinger downgraded Five Below from Outperform to Neutral and lowered the price target from $150 to $85.
Mizuho 分析師 David Bellinger 將 Five Below 的評級從表現跑贏大盤下調爲中性，將目標價從150美元降至85美元。
BofA Securities analyst Melanie Nunez maintained Five Below with a Neutral and lowered the price target from $125 to $104.
BofA Securities 分析師 Melanie Nunez 維持 Five Below 的中性評級，並將目標價從125美元降至104美元。