JPMorgan Chase & Co. Issues Pessimistic Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price target reduced by research analysts at JPMorgan Chase & Co. from $110.00 to $107.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 7.52% from the stock’s previous close.

Several other analysts also recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company upped their target price on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, November 7th. William Blair restated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Finally, Morgan Stanley increased their price objective on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $116.00.

Five Below Stock Performance

Five Below stock opened at $99.52 on Wednesday. The stock has a 50-day simple moving average of $98.38 and a 200 day simple moving average of $91.38. The stock has a market capitalization of $5.47 billion, a P/E ratio of 20.52, a PEG ratio of 1.06 and a beta of 1.14. Five Below has a 52 week low of $64.87 and a 52 week high of $212.01.

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

Hedge Funds Weigh In On Five Below

Several hedge funds and other institutional investors have recently modified their holdings of FIVE. Charles Schwab Investment Management Inc. boosted its stake in Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Five Below by 155.2% in the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after acquiring an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Five Below in the 3rd quarter valued at approximately $3,282,000. Janney Montgomery Scott LLC grew its holdings in shares of Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after purchasing an additional 9,188 shares during the last quarter. Finally, Algert Global LLC increased its position in Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares in 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.