Five Below (FIVE) Cut to “Neutral” at JPMorgan Chase & Co.

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Five Below (NASDAQ:FIVE) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.

Other analysts have also recently issued research reports about the company. BidaskClub cut Five Below from a “strong-buy” rating to a “buy” rating in a report on Friday, February 15th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, December 20th. ValuEngine upgraded Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 24th. Dougherty & Co upgraded Five Below from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, November 26th. Finally, Loop Capital cut Five Below from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Five Below has a consensus rating of “Buy” and an average price target of $121.24.

FIVE opened at $129.64 on Friday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 72.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.63. Five Below has a 12 month low of $66.03 and a 12 month high of $136.13.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $312.82 million during the quarter, compared to analysts’ expectations of $303.54 million. Five Below had a return on equity of 24.58% and a net margin of 8.74%. As a group, equities research analysts forecast that Five Below will post 2.6 earnings per share for the current fiscal year.

In related news, Director Ronald Sargent sold 31,500 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $97.60, for a total transaction of $3,074,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in shares of Five Below by 105.4% in the second quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock worth $222,578,000 after purchasing an additional 1,168,796 shares in the last quarter. Congress Asset Management Co. MA grew its stake in shares of Five Below by 633.8% in the fourth quarter. Congress Asset Management Co. MA now owns 856,355 shares of the specialty retailer’s stock worth $87,622,000 after purchasing an additional 739,646 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Five Below in the third quarter worth $43,017,000. BlackRock Inc. grew its stake in shares of Five Below by 5.2% in the third quarter. BlackRock Inc. now owns 6,575,425 shares of the specialty retailer’s stock worth $855,199,000 after purchasing an additional 322,174 shares in the last quarter. Finally, Columbus Circle Investors grew its stake in shares of Five Below by 219.8% in the fourth quarter. Columbus Circle Investors now owns 417,511 shares of the specialty retailer’s stock worth $42,720,000 after purchasing an additional 286,974 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

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