JPMorgan Chase & Co. Lowers Five Below (NASDAQ:FIVE) Price Target to $102.00

Five Below (NASDAQ:FIVE - Free Report) had its price target lowered by JPMorgan Chase & Co. from $107.00 to $102.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the specialty retailer's stock.

FIVE has been the topic of a number of other research reports. William Blair reissued a "market perform" rating on shares of Five Below in a report on Monday, December 2nd. Gordon Haskett raised shares of Five Below from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a report on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. The Goldman Sachs Group raised their price target on shares of Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Melius Research began coverage on shares of Five Below in a research note on Monday, September 23rd. They set a "hold" rating and a $100.00 target price on the stock. Three 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. Based on data from MarketBeat.com, Five Below currently has an average rating of "Hold" and an average target price of $115.75.

Five Below Stock Performance

Shares of FIVE stock traded down $1.72 on Thursday, hitting $92.83. 2,864,265 shares of the company's stock traded hands, compared to its average volume of 2,279,227. Five Below has a one year low of $64.87 and a one year high of $212.01. The company's fifty day simple moving average is $98.83 and its 200 day simple moving average is $90.87. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 0.96 and a beta of 1.14.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same quarter last year, the firm earned $0.26 EPS. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Five Below will post 4.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five Below

Several hedge funds have recently bought and sold shares of FIVE. UMB Bank n.a. lifted its stake in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after buying an additional 204 shares in the last quarter. HB Wealth Management LLC bought a new position in Five Below during the fourth quarter valued at approximately $241,000. Chemistry Wealth Management LLC lifted its position in Five Below by 43.3% during the fourth quarter. Chemistry Wealth Management LLC now owns 4,498 shares of the specialty retailer's stock valued at $472,000 after purchasing an additional 1,359 shares during the period. Gateway Investment Advisers LLC lifted its position in Five Below by 691.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 25,297 shares of the specialty retailer's stock valued at $2,655,000 after purchasing an additional 22,102 shares during the period. Finally, Oak Thistle LLC lifted its position in Five Below by 3.0% during the fourth quarter. Oak Thistle LLC now owns 15,910 shares of the specialty retailer's stock valued at $1,670,000 after purchasing an additional 470 shares during the period.

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.