Five Below (NASDAQ:FIVE) Price Target Cut to $107.00 by Analysts at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $110.00 to $107.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 7.52% from the stock’s current price.

FIVE has been the topic of several other research reports. Mizuho boosted their price objective on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Loop Capital upped their target price on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Evercore ISI boosted their price target on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.00.

Five Below Trading Down 2.6 %

Shares of FIVE stock opened at $99.52 on Wednesday. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.06 and a beta of 1.14. The business’s 50-day moving average price is $98.38 and its 200-day moving average price is $91.38. Five Below has a 12 month low of $64.87 and a 12 month high of $212.01.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same quarter last year, the business earned $0.26 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Five Below will post 4.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several institutional investors have recently modified their holdings of the business. Paladin Wealth LLC purchased a new position in Five Below in the third quarter worth $26,000. Brooklyn Investment Group bought a new stake in shares of Five Below during the 3rd quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Five Below in the 3rd quarter worth about $42,000. Partnership Wealth Management LLC grew its position in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Five Below in the second quarter worth about $50,000.

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.