JPMorgan Chase & Co. Cuts Five Below (NASDAQ:FIVE) Price Target to $237.00

Five Below (NASDAQ:FIVE – Get Rating) had its target price lowered by JPMorgan Chase & Co. from $239.00 to $237.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the specialty retailer’s stock.

A number of other research analysts have also issued reports on the stock. StockNews.com began coverage on shares of Five Below in a report on Thursday. They issued a sell rating for the company. Oppenheimer raised their price target on shares of Five Below from $165.00 to $235.00 and gave the stock an outperform rating in a report on Wednesday, January 25th. Barclays started coverage on shares of Five Below in a report on Tuesday, February 7th. They set an overweight rating and a $219.00 price target for the company. UBS Group raised their price objective on shares of Five Below from $165.00 to $205.00 and gave the stock a buy rating in a research report on Thursday, December 1st. Finally, Credit Suisse Group started coverage on shares of Five Below in a research report on Monday, December 19th. They set a neutral rating and a $185.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, Five Below has an average rating of Moderate Buy and a consensus price target of $207.50.

Five Below Trading Down 1.0 %

FIVE stock opened at $193.40 on Thursday. The stock has a market capitalization of $10.74 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. Five Below has a 12 month low of $109.49 and a 12 month high of $212.56. The firm has a 50-day moving average price of $198.13 and a 200-day moving average price of $168.57.

Five Below (NASDAQ:FIVE – Get Rating) last posted its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, hitting analysts’ consensus estimates of $3.07. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Five Below had a net margin of 8.50% and a return on equity of 21.69%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 earnings per share. As a group, equities analysts predict that Five Below will post 5.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five Below news, CMO Michael Romanko sold 3,750 shares of Five Below stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the transaction, the chief marketing officer now directly owns 8,901 shares of the company’s stock, valued at approximately $1,704,541.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently bought and sold shares of FIVE. Voya Investment Management LLC raised its stake in shares of Five Below by 68.7% during the 4th quarter. Voya Investment Management LLC now owns 150,750 shares of the specialty retailer’s stock worth $26,663,000 after purchasing an additional 61,404 shares during the period. Natixis bought a new stake in shares of Five Below during the 4th quarter worth $733,000. Macquarie Group Ltd. raised its stake in shares of Five Below by 11.6% during the 4th quarter. Macquarie Group Ltd. now owns 184,543 shares of the specialty retailer’s stock worth $32,640,000 after purchasing an additional 19,203 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in shares of Five Below during the 4th quarter worth $70,000. Finally, Ascent Group LLC raised its stake in shares of Five Below by 21.1% during the 4th quarter. Ascent Group LLC now owns 2,685 shares of the specialty retailer’s stock worth $475,000 after purchasing an additional 467 shares during the period.

About Five Below

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.