Five Below (NASDAQ:FIVE) Shares Down 4.3% on Analyst Downgrade

Five Below, Inc. (NASDAQ:FIVE)’s stock price dropped 4.3% on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $107.00 to $102.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Five Below traded as low as $90.32 and last traded at $90.49. Approximately 157,228 shares traded hands during trading, a decline of 92% from the average daily volume of 1,998,225 shares. The stock had previously closed at $94.55.

A number of other equities analysts have also recently issued reports on the company. Guggenheim increased their target price on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price objective on shares of Five Below in a research note on Tuesday. Finally, Bank of America lowered Five Below from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.75.

Hedge Funds Weigh In On Five Below

Several hedge funds and other institutional investors have recently modified their holdings of FIVE. State Street Corp increased its position in shares of Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after buying an additional 31,520 shares during the period. Geode Capital Management LLC grew its holdings in shares of Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after buying an additional 11,504 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the period. Atreides Management LP bought a new position in Five Below during the third quarter valued at approximately $68,649,000. Finally, Two Sigma Advisers LP bought a new position in Five Below during the third quarter valued at approximately $64,981,000.

Five Below Price Performance

The firm has a market capitalization of $5.11 billion, a P/E ratio of 19.14, a P/E/G ratio of 0.96 and a beta of 1.14. The company’s 50-day simple moving average is $98.83 and its two-hundred day simple moving average is $90.87.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. The firm had revenue of $843.71 million for 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 revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. Analysts predict that Five Below, Inc. will post 4.92 earnings per share for the current year.

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.