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

JPMorgan Chase & Co. lowered shares of Five Below (NASDAQ:FIVE) from an overweight rating to a neutral rating in a research note released on Tuesday, MarketBeat Ratings reports. The firm currently has $170.00 price objective on the specialty retailer’s stock, down from their prior price objective of $215.00.

Several other equities analysts have also recently weighed in on FIVE. Evercore ISI cut their price target on Five Below from $230.00 to $225.00 and set an outperform rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company cut their target price on shares of Five Below from $200.00 to $180.00 and set an equal weight rating for the company in a report on Thursday, March 21st. Oppenheimer downgraded shares of Five Below from an outperform rating to a market perform rating and decreased their price target for the company from $235.00 to $200.00 in a research note on Tuesday, January 30th. Gordon Haskett cut shares of Five Below from a buy rating to an accumulate rating and dropped their price objective for the stock from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Finally, UBS Group reduced their target price on shares of Five Below from $270.00 to $245.00 and set a buy rating on the stock in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Five Below has a consensus rating of Moderate Buy and a consensus target price of $210.33.

Five Below Stock Performance

FIVE stock opened at $147.79 on Tuesday. The company’s fifty day moving average price is $182.69 and its 200-day moving average price is $185.79. Five Below has a one year low of $144.57 and a one year high of $216.18. The company has a market capitalization of $8.16 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm posted $3.07 earnings per share. The business’s revenue was up 19.1% on a year-over-year basis. On average, research analysts predict that Five Below will post 6.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP increased its stake in Five Below by 2.1% in the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock worth $340,278,000 after purchasing an additional 37,797 shares during the period. Montrusco Bolton Investments Inc. lifted its holdings in Five Below by 34.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after buying an additional 395,275 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in Five Below by 0.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after buying an additional 9,837 shares during the period. William Blair Investment Management LLC grew its stake in Five Below by 89.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock worth $166,627,000 after acquiring an additional 487,948 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Five Below by 2.2% during the fourth quarter. Clearbridge Investments LLC now owns 655,176 shares of the specialty retailer’s stock worth $139,657,000 after acquiring an additional 14,048 shares during the period.

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.