Five Below (NASDAQ:FIVE) Shares Down 4.3% Following Analyst Downgrade

Shares of Five Below, Inc. (NASDAQ:FIVE - Get Free Report) fell 4.3% on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $107.00 to $102.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Five Below traded as low as $90.32 and last traded at $90.49. 157,228 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,998,225 shares. The stock had previously closed at $94.55.

A number of other research firms have also recently issued reports on FIVE. Evercore ISI lifted their target price on shares of Five Below from $100.00 to $104.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on shares of Five Below from $90.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Wells Fargo & Company raised their target price on Five Below from $115.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Loop Capital upped their price target on Five Below from $90.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Finally, StockNews.com downgraded Five Below from a "hold" rating to a "sell" rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $115.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIVE. State Street Corp grew its stake in shares of Five Below by 1.9% in the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer's stock valued at $146,865,000 after purchasing an additional 31,520 shares during the period. Geode Capital Management LLC lifted its holdings in Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock valued at $86,559,000 after purchasing an additional 11,504 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock valued at $98,991,000 after buying an additional 769,980 shares in the last quarter. Atreides Management LP bought a new stake in Five Below during the third quarter worth about $68,649,000. Finally, Two Sigma Advisers LP bought a new stake in Five Below during the third quarter worth about $64,981,000.

Five Below Stock Down 1.8 %

The company has a market cap of $5.11 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company's fifty day moving average price is $98.83 and its two-hundred day moving average price is $90.87.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company's revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Research analysts forecast that Five Below, Inc. will post 4.92 earnings per share for the current year.

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.