Five Below (NASDAQ:FIVE) Shares Gap Up on Analyst Upgrade

Five Below, Inc. (NASDAQ:FIVE) gapped up before the market opened on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $86.00 to $89.00. The stock had previously closed at $78.94, but opened at $82.81. JPMorgan Chase & Co. currently has a neutral rating on the stock. Five Below shares last traded at $79.83, with a volume of 995,835 shares trading hands.

Several other equities analysts have also issued reports on FIVE. Loop Capital lowered their target price on shares of Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a report on Friday, June 7th. Mizuho downgraded Five Below from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $150.00 to $85.00 in a report on Wednesday, July 17th. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. UBS Group lowered their price target on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.63.

Hedge Funds Weigh In On Five Below

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. increased its position in Five Below by 556.2% during 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 acquiring an additional 769,980 shares during the last quarter. Junto Capital Management LP bought a new stake in shares of Five Below during the 4th quarter valued at about $73,472,000. Norges Bank purchased a new stake in shares of Five Below during the 4th quarter valued at about $68,825,000. Marshall Wace LLP increased its position in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Five Below by 39.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after purchasing an additional 167,330 shares during the period.

Five Below Stock Down 0.9 %

The business’s fifty day moving average is $85.82 and its 200-day moving average is $134.75. The company has a market cap of $4.31 billion, a PE ratio of 14.71, a P/E/G ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Analysts forecast that Five Below, Inc. will post 4.89 EPS for the current fiscal 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.