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

Five Below, Inc. (NASDAQ:FIVE) shares traded down 4.3% during trading 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 traded hands during trading, a decline of 92% from the average session volume of 1,998,225 shares. The stock had previously closed at $94.55.

FIVE has been the topic of a number of other research reports. Loop Capital raised their price target on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Evercore ISI upped their price target on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Craig Hallum lifted their price objective on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Five Below has an average rating of “Hold” and a consensus target price of $115.75.

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently modified their holdings of FIVE. State Street Corp boosted its position in Five Below by 1.9% during the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after acquiring an additional 31,520 shares in the last quarter. Geode Capital Management LLC lifted its position in Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after buying an additional 11,504 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares in the last quarter. Atreides Management LP bought a new stake in shares of Five Below during the 3rd quarter valued at $68,649,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Five Below in the 3rd quarter worth about $64,981,000.

Five Below Trading Down 4.7 %

The company has a market capitalization of $4.96 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company’s 50 day moving average is $98.83 and its 200-day moving average is $90.87.

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