Five Below (NASDAQ:FIVE) Price Target Lowered to $107.00 at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE - Free Report) had its price target cut by JPMorgan Chase & Co. from $110.00 to $107.00 in a report released on Wednesday,Benzinga reports. They currently have an underweight rating on the specialty retailer's stock.

Several other brokerages have also recently issued reports on FIVE. Wells Fargo & Company lifted their target price on Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. KeyCorp downgraded shares of Five Below from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 7th. Mizuho increased their target price on shares of Five Below from $90.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Bank of America cut shares of Five Below from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Five Below from a "hold" rating to a "sell" rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $116.00.

Five Below Trading Down 2.6 %

Five Below stock traded down $2.69 during midday trading on Wednesday, reaching $99.52. The stock had a trading volume of 2,385,268 shares, compared to its average volume of 2,147,854. Five Below has a 12 month low of $64.87 and a 12 month high of $212.01. The company has a fifty day moving average price of $98.28 and a two-hundred day moving average price of $91.32. The company has a market capitalization of $5.47 billion, a P/E ratio of 20.52, a PEG ratio of 1.06 and a beta of 1.14.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. On average, equities research analysts predict that Five Below will post 4.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Institutional investors have recently added to or reduced their stakes in the business. Paladin Wealth LLC bought a new position in shares of Five Below in the 3rd quarter worth $26,000. Brooklyn Investment Group bought a new position in Five Below in the third quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the third quarter valued at about $42,000. Partnership Wealth Management LLC lifted its stake in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Five Below during the second quarter worth about $50,000.

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.