Five Below (NASDAQ:FIVE) Downgraded by JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a $170.00 price target on the specialty retailer’s stock, down from their prior price target of $215.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 14.45% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Truist Financial reduced their price objective on Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Barclays dropped their target price on Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Craig Hallum dropped their target price on Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. Evercore ISI lowered their price target on Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Oppenheimer lowered Five Below from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $235.00 to $200.00 in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $210.33.

Five Below Stock Up 0.5 %

NASDAQ:FIVE opened at $148.54 on Tuesday. Five Below has a 52 week low of $144.57 and a 52 week high of $216.18. The business’s 50-day simple moving average is $182.69 and its two-hundred day simple moving average is $185.79. The stock has a market cap of $8.21 billion, a PE ratio of 27.41, a P/E/G ratio of 1.19 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm posted $3.07 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Sell-side analysts anticipate that Five Below will post 6.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Five Below in the 4th quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in Five Below in the 1st quarter valued at about $28,000. Planned Solutions Inc. acquired a new stake in Five Below in the 4th quarter valued at about $34,000. CVA Family Office LLC acquired a new stake in Five Below in the 4th quarter valued at about $36,000. Finally, Quest Partners LLC acquired a new stake in Five Below in the 4th quarter valued at about $37,000.

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.