Five Below (NASDAQ:FIVE) Cut to Neutral at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat reports. They presently have a $170.00 target price on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 14.39% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Morgan Stanley dropped their target price on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Barclays dropped their price objective on Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Evercore ISI decreased their price target on shares of Five Below from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Craig Hallum cut their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, March 21st. Finally, Telsey Advisory Group decreased their target price on shares of Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.33.

Five Below Price Performance

NASDAQ:FIVE opened at $148.61 on Tuesday. Five Below has a 1-year low of $144.57 and a 1-year high of $216.18. The company has a 50-day moving average of $183.41 and a 200 day moving average of $185.90. The firm has a market cap of $8.21 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.20 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm posted $3.07 EPS. 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 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

A number of institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of Five Below by 41.8% in the third quarter. SG Americas Securities LLC now owns 20,489 shares of the specialty retailer’s stock worth $3,297,000 after acquiring an additional 6,041 shares during the period. Park Place Capital Corp lifted its holdings in shares of Five Below by 11.5% in the 3rd quarter. Park Place Capital Corp now owns 641 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 66 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Five Below by 13.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,988 shares of the specialty retailer’s stock valued at $481,000 after buying an additional 355 shares during the period. Coronation Fund Managers Ltd. boosted its stake in shares of Five Below by 1.3% in the third quarter. Coronation Fund Managers Ltd. now owns 68,939 shares of the specialty retailer’s stock worth $11,092,000 after buying an additional 873 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Five Below by 11.5% during the third quarter. Handelsbanken Fonder AB now owns 9,709 shares of the specialty retailer’s stock worth $1,562,000 after acquiring an additional 1,000 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.