Five Below (NASDAQ:FIVE) Given New $107.00 Price Target at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $110.00 to $107.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 7.25% from the company’s previous close.

FIVE has been the subject of several other research reports. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Mizuho increased their price target on shares of Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley boosted their price objective on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Loop Capital raised their price objective on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Five Below currently has an average rating of “Hold” and an average target price of $116.00.

Five Below Trading Down 2.4 %

Shares of FIVE traded down $2.44 during trading hours on Wednesday, reaching $99.77. 1,544,875 shares of the stock traded hands, compared to its average volume of 1,964,470. Five Below has a 52-week low of $64.87 and a 52-week high of $212.01. The company has a market cap of $5.49 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.06 and a beta of 1.14. The company’s 50-day moving average price is $98.15 and its two-hundred day moving average price is $91.26.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. On average, research analysts forecast that Five Below will post 4.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI increased its holdings in Five Below by 8.2% in the 2nd quarter. National Bank of Canada FI now owns 30,887 shares of the specialty retailer’s stock worth $3,335,000 after buying an additional 2,340 shares during the period. Arizona State Retirement System increased its stake in shares of Five Below by 2.0% in the second quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock worth $1,685,000 after acquiring an additional 296 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Five Below during the second quarter worth $50,000. Choreo LLC acquired a new position in Five Below during the second quarter valued at $321,000. Finally, Texas Permanent School Fund Corp boosted its holdings in Five Below by 6.7% in the second quarter. Texas Permanent School Fund Corp now owns 51,542 shares of the specialty retailer’s stock valued at $5,617,000 after purchasing an additional 3,238 shares during the last quarter.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.