Five Below (NASDAQ:FIVE) Cut to “Underweight” at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $95.00 price target on the specialty retailer’s stock, up from their previous price target of $89.00. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.19% from the company’s previous close.

FIVE has been the topic of a number of other reports. Mizuho downgraded Five Below from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $150.00 to $85.00 in a research note on Wednesday, July 17th. Telsey Advisory Group lowered their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Evercore ISI reduced their price target on shares of Five Below from $101.00 to $95.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Gordon Haskett lowered shares of Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $160.00 to $100.00 in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $109.95.

Five Below Trading Down 1.5 %

FIVE opened at $100.20 on Thursday. The company has a fifty day moving average price of $79.59 and a two-hundred day moving average price of $123.87. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18. The company has a market cap of $5.52 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Neuberger Berman Group LLC raised its stake in shares of Five Below by 1.7% during the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after purchasing an additional 76 shares during the period. Parallel Advisors LLC raised its position in Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 shares during the period. Janus Henderson Group PLC raised its position in Five Below by 0.4% in the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after acquiring an additional 115 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Five Below during the 4th quarter valued at approximately $26,000. Finally, Fifth Third Bancorp increased its stake in shares of Five Below by 12.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares during the last quarter.

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.