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

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

Other research analysts have also issued research reports about the company. UBS Group cut their price target on Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Evercore ISI cut their price target on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Oppenheimer lowered Five Below from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $235.00 to $200.00 in a report on Tuesday, January 30th. Barclays dropped their target price on Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Finally, Telsey Advisory Group dropped their target price on Five Below from $230.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.33.

Five Below Price Performance

NASDAQ FIVE opened at $148.54 on Tuesday. The business has a 50 day simple moving average of $182.69 and a 200 day simple moving average of $185.79. Five Below has a one year low of $144.57 and a one year high of $216.18. The stock has a market capitalization of $8.21 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.19 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last released its 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 return on equity of 20.80% and a net margin of 8.46%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the business earned $3.07 EPS. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities analysts expect that Five Below will post 6.06 earnings per share for the current year.

Institutional Trading of Five Below

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HMS Capital Management LLC raised its stake in shares of Five Below by 6.2% during the 1st quarter. HMS Capital Management LLC now owns 1,604 shares of the specialty retailer’s stock valued at $291,000 after purchasing an additional 94 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Five Below by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the specialty retailer’s stock valued at $2,884,000 after purchasing an additional 300 shares during the period. Raymond James & Associates raised its stake in shares of Five Below by 1.2% during the 1st quarter. Raymond James & Associates now owns 80,847 shares of the specialty retailer’s stock valued at $14,664,000 after purchasing an additional 964 shares during the period. Azzad Asset Management Inc. ADV bought a new stake in shares of Five Below during the 1st quarter valued at $725,000. Finally, Wasatch Advisors LP raised its stake in shares of Five Below by 2.1% during the 1st quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after purchasing an additional 37,797 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.