Five Below (NASDAQ:FIVE) Downgraded by JPMorgan Chase & Co. to "Underweight"

JPMorgan Chase & Co. downgraded shares of Five Below (NASDAQ:FIVE - Free Report) from a neutral rating to an underweight rating in a research note released on Thursday, Marketbeat.com reports. JPMorgan Chase & Co. currently has $95.00 price target on the specialty retailer's stock, up from their prior price target of $89.00.

Other research analysts have also issued research reports about the company. Craig Hallum raised Five Below from a hold rating to a buy rating and reduced their price objective for the company from $108.00 to $102.00 in a research report on Thursday, August 29th. Loop Capital lowered their price target on Five Below from $190.00 to $120.00 and set a hold rating for the company in a research report on Friday, June 7th. Bank of America upped their price target on shares of Five Below from $75.00 to $87.00 and gave the stock a neutral rating in a research note on Thursday, August 29th. Barclays lowered shares of Five Below from an overweight rating to an equal weight rating and reduced their price objective for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. Finally, Citigroup decreased their target price on shares of Five Below from $92.00 to $85.00 and set a neutral rating for the company in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $109.95.

Five Below Trading Down 2.2 %

FIVE traded down $2.22 during midday trading on Thursday, reaching $97.98. The company's stock had a trading volume of 2,620,213 shares, compared to its average volume of 1,435,261. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The stock's 50-day moving average is $79.59 and its 200-day moving average is $123.87. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.99 and a beta of 1.21.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Five Below in the 4th quarter worth $26,000. Rise Advisors LLC bought a new stake in Five Below during the 1st quarter valued at approximately $28,000. Partnership Wealth Management LLC lifted its holdings in Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 300 shares in the last quarter. Quest Partners LLC bought a new position in Five Below in the 4th quarter worth approximately $37,000. Finally, Parallel Advisors LLC grew its holdings in Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer's stock valued at $38,000 after buying an additional 82 shares in 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.