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

JPMorgan Chase & Co. lowered shares of Five Below (NASDAQ:FIVE) from a neutral rating to an underweight rating in a research note released on Thursday, MarketBeat Ratings reports. They currently have $95.00 target price on the specialty retailer’s stock, up from their previous target price of $89.00.

Several other equities research analysts have also recently issued reports on FIVE. Bank of America lifted their price objective on Five Below from $75.00 to $87.00 and gave the stock a neutral rating in a report on Thursday, August 29th. Truist Financial reiterated a hold rating and set a $89.00 price target on shares of Five Below in a research report on Monday, August 26th. UBS Group decreased their price objective on Five Below from $120.00 to $108.00 and set a buy rating on the stock in a report on Wednesday, August 21st. Loop Capital dropped their target price on shares of Five Below from $190.00 to $120.00 and set a hold rating for the company in a report on Friday, June 7th. Finally, KeyCorp reduced their target price on shares of Five Below from $115.00 to $106.00 and set an overweight rating for the company in a research report on Thursday, August 29th. Two investment 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.com, the stock presently has a consensus rating of Hold and an average price target of $109.95.

Five Below Trading Down 2.6 %

Shares of FIVE stock opened at $95.41 on Thursday. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The business’s 50 day moving average is $79.31 and its two-hundred day moving average is $121.77. The company has a market capitalization of $5.25 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.99 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, research analysts predict that Five Below will post 4.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Five Below in the 4th quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the first quarter valued at $28,000. Quest Partners LLC acquired a new stake in shares of Five Below in the fourth quarter valued at $37,000. Parallel Advisors LLC raised its holdings in shares of Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 82 shares during the period. Finally, McClarren Financial Advisors Inc. lifted its stake in Five Below by 18,100.0% during the 1st quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock worth $330,000 after acquiring an additional 181 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.