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

JPMorgan Chase & Co. upgraded shares of Five Below (NASDAQ:FIVE - Free Report) from an underweight rating to a neutral rating in a research report report published on Monday morning, MarketBeat.com reports. The firm currently has $57.00 target price on the specialty retailer's stock.

Other analysts also recently issued research reports about the stock. Loop Capital dropped their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. Guggenheim dropped their target price on Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Evercore ISI reduced their price target on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Telsey Advisory Group dropped their price objective on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a report on Tuesday, March 18th. Finally, Truist Financial reduced their target price on shares of Five Below from $93.00 to $86.00 and set a "hold" rating for the company in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $97.95.

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Five Below Price Performance

NASDAQ FIVE traded down $1.30 during mid-day trading on Monday, reaching $60.47. The stock had a trading volume of 3,728,234 shares, compared to its average volume of 1,925,393. The stock has a market cap of $3.33 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. Five Below has a 1 year low of $52.38 and a 1 year high of $162.92. The company has a fifty day moving average price of $78.81 and a 200 day moving average price of $89.93.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the business earned $3.65 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Five Below will post 4.93 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Eric M. Specter sold 5,494 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Below

Large investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC raised its position in Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock worth $1,666,000 after purchasing an additional 111 shares during the period. Bank of Montreal Can raised its holdings in shares of Five Below by 1.0% in the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after buying an additional 123 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Five Below by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after acquiring an additional 150 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Five Below by 13.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock valued at $143,000 after acquiring an additional 158 shares during the period. Finally, Cornerstone Investment Partners LLC grew its position in Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after acquiring an additional 162 shares during the last quarter.

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.