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

Five Below (NASDAQ:FIVE) had its price target lowered by JPMorgan Chase & Co. from $110.00 to $107.00 in a research note issued to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the specialty retailer’s stock.

A number of other brokerages have also weighed in on FIVE. Loop Capital lifted their price target on shares of Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Melius Research initiated coverage on shares of Five Below in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Truist Financial boosted their price target on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group increased their price objective on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.00.

Five Below Stock Down 2.6 %

FIVE opened at $99.52 on Wednesday. The company has a fifty day simple moving average of $98.28 and a 200 day simple moving average of $91.32. The stock has a market cap of $5.47 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.06 and a beta of 1.14. Five Below has a 12 month low of $64.87 and a 12 month high of $212.01.

Five Below (NASDAQ:FIVE) last announced its quarterly 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 return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts expect that Five Below will post 4.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIVE. Everence Capital Management Inc. acquired a new position in shares of Five Below in the fourth quarter valued at $249,000. GAMMA Investing LLC boosted its holdings in shares of Five Below by 149.1% during the 4th quarter. GAMMA Investing LLC now owns 1,360 shares of the specialty retailer’s stock worth $143,000 after buying an additional 814 shares during the period. Retirement Systems of Alabama grew its stake in Five Below by 47.2% in the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock valued at $13,371,000 after buying an additional 48,524 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Five Below in the 3rd quarter valued at about $42,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Five Below by 52.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock valued at $2,401,000 after acquiring an additional 9,336 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.