Five Below (NASDAQ:FIVE) Price Target Cut to $102.00 by Analysts at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $107.00 to $102.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 7.88% from the stock’s previous close.

A number of other brokerages have also recently issued reports on FIVE. Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 target price on shares of Five Below in a research report on Tuesday. Morgan Stanley boosted their target price on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Citigroup increased their target price on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Craig Hallum lifted their price target on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Five Below presently has an average rating of “Hold” and an average target price of $115.75.

Five Below Stock Performance

Shares of FIVE opened at $94.55 on Thursday. The firm has a market cap of $5.20 billion, a PE ratio of 19.49, a PEG ratio of 0.96 and a beta of 1.14. The firm’s 50 day moving average price is $98.83 and its 200 day moving average price is $90.87. Five Below has a twelve month low of $64.87 and a twelve month high of $212.01.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Five Below’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. On average, 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 institutional investors have recently added to or reduced their stakes in FIVE. Atreides Management LP acquired a new position in shares of Five Below in the 3rd quarter worth approximately $68,649,000. Point72 Asset Management L.P. boosted its stake in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Five Below in the third quarter valued at $64,981,000. Holocene Advisors LP acquired a new position in Five Below during the third quarter worth $38,829,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Five Below by 1,042.4% during the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after acquiring an additional 356,776 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.