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

Five Below (NASDAQ:FIVE) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $107.00 to $102.00 in a 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 would indicate a potential upside of 12.53% from the company’s previous close.

FIVE has been the subject of a number of other reports. William Blair reiterated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Barclays raised their target price 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. Mizuho lifted their target price on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company increased their price target on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $115.75.

Five Below Price Performance

Shares of FIVE opened at $90.64 on Thursday. The firm has a market cap of $4.99 billion, a PE ratio of 18.69, a PEG ratio of 0.96 and a beta of 1.14. Five Below has a 1 year low of $64.87 and a 1 year high of $212.01. The stock’s fifty day moving average price is $98.94 and its two-hundred day moving average price is $90.76.

Five Below (NASDAQ:FIVE) last released 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 business 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that Five Below will post 4.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five Below

A number of large investors have recently added to or reduced their stakes in FIVE. American Century Companies Inc. increased its position in shares of Five Below by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 23,041 shares of the specialty retailer’s stock valued at $2,511,000 after purchasing an additional 1,321 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Five Below by 4.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,215 shares of the specialty retailer’s stock worth $2,334,000 after buying an additional 964 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after acquiring an additional 167,330 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Five Below during the second quarter worth approximately $5,985,000. Finally, Amalgamated Bank raised its stake in shares of Five Below by 3.3% during the second quarter. Amalgamated Bank now owns 31,703 shares of the specialty retailer’s stock worth $3,455,000 after acquiring an additional 1,025 shares in 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.