Five Below (NASDAQ:FIVE) Shares Down 4.3% on Analyst Downgrade

Five Below, Inc. (NASDAQ:FIVE) shares fell 4.3% on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $107.00 to $102.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Five Below traded as low as $90.32 and last traded at $90.49. 157,228 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,998,225 shares. The stock had previously closed at $94.55.

A number of other research firms have also recently commented on FIVE. William Blair reissued a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Morgan Stanley increased their price objective on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group increased their price target on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Evercore ISI increased their price target on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Finally, Craig Hallum increased their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.75.

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently made changes to their positions in the business. Paladin Wealth LLC bought a new position in Five Below during the third quarter worth $26,000. UMB Bank n.a. lifted its stake in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares during the last quarter. Brooklyn Investment Group bought a new stake in Five Below in the third quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below during the third quarter valued at $42,000. Finally, Partnership Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 200 shares during the period.

Five Below Price Performance

The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The business has a fifty day moving average price of $98.83 and a 200 day moving average price of $90.87.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. Research analysts anticipate that Five Below, Inc. will post 4.92 earnings per share for the current 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.