Five Below (NASDAQ:FIVE) Given New $107.00 Price Target at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) had its price target reduced by JPMorgan Chase & Co. from $110.00 to $107.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.25% from the company’s previous close.

Several other brokerages also recently weighed in on FIVE. Truist Financial upped their target price on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Bank of America cut shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Citigroup boosted their target price on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Loop Capital lifted their price objective on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Mizuho increased 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. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $116.00.

Five Below Stock Performance

Shares of FIVE traded down $2.44 during trading hours on Wednesday, hitting $99.77. The stock had a trading volume of 1,544,875 shares, compared to its average volume of 1,964,470. The firm has a 50-day moving average price of $98.15 and a 200 day moving average price of $91.26. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $212.01. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.06 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. 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 prior year, the company posted $0.26 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, analysts predict that Five Below will post 4.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently made changes to their positions in FIVE. Peloton Wealth Strategists increased its position in shares of Five Below by 3.0% during the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after acquiring an additional 200 shares during the period. Partnership Wealth Management LLC raised its position in Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Five Below by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock valued at $1,685,000 after buying an additional 296 shares during the period. Paladin Wealth LLC acquired a new position in shares of Five Below during the third quarter worth about $26,000. Finally, KBC Group NV increased its stake in shares of Five Below by 23.7% during the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after buying an additional 312 shares during the period.

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.