JPMorgan Chase & Co. Cuts Five Below (NASDAQ:FIVE) Price Target to $102.00

Five Below (NASDAQ:FIVE) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $107.00 to $102.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 7.88% from the company’s previous close.

A number of other research analysts have also commented on FIVE. Loop Capital raised their price objective on shares of Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. KeyCorp downgraded Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. The Goldman Sachs Group lifted their target price on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Melius Research began coverage on shares of Five Below in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Five Below has a consensus rating of “Hold” and an average price target of $115.75.

Five Below Stock Performance

Shares of FIVE stock opened at $94.55 on Thursday. Five Below has a 1 year low of $64.87 and a 1 year high of $212.01. The firm has a market capitalization of $5.20 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The stock has a fifty day moving average of $98.83 and a two-hundred day moving average of $90.87.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data 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 net margin of 7.02% and a return on equity of 18.03%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. Equities research analysts predict that Five Below will post 4.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five Below

Several hedge funds have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after purchasing an additional 31,520 shares in the last quarter. Geode Capital Management LLC lifted its position in Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after buying an additional 11,504 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares in the last quarter. Atreides Management LP acquired a new stake in shares of Five Below during the 3rd quarter valued at $68,649,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Five Below during the 3rd quarter valued at $64,981,000.

About Five Below

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.