JPMorgan Chase & Co. Cuts Five Below (NASDAQ:FIVE) Price Target to $237.00

Five Below (NASDAQ:FIVE – Get Rating) had its target price lowered by JPMorgan Chase & Co. from $239.00 to $237.00 in a report issued on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty retailer’s stock.

FIVE has been the topic of a number of other research reports. Morgan Stanley lifted their target price on Five Below from $145.00 to $200.00 and gave the stock an overweight rating in a research report on Monday, December 5th. Truist Financial lifted their price objective on Five Below from $217.00 to $224.00 in a research report on Thursday. William Blair began coverage on Five Below in a research report on Wednesday, December 7th. They set an outperform rating for the company. Barclays began coverage on Five Below in a report on Tuesday, February 7th. They issued an overweight rating and a $219.00 price target for the company. Finally, Wells Fargo & Company boosted their price target on Five Below from $190.00 to $195.00 and gave the company an overweight rating in a report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $207.50.

Five Below Stock Performance

NASDAQ:FIVE opened at $193.40 on Thursday. The stock has a market cap of $10.74 billion, a PE ratio of 41.24, a P/E/G ratio of 1.84 and a beta of 1.15. Five Below has a one year low of $109.49 and a one year high of $212.56. The stock has a 50 day moving average price of $198.13 and a 200 day moving average price of $168.57.

Five Below (NASDAQ:FIVE – Get Rating) last released its quarterly earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, hitting the consensus estimate of $3.07. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Five Below had a return on equity of 21.69% and a net margin of 8.50%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $2.49 earnings per share. As a group, analysts predict that Five Below will post 5.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, CMO Michael Romanko sold 3,750 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total value of $718,125.00. Following the sale, the chief marketing officer now owns 8,901 shares in the company, valued at approximately $1,704,541.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five Below

Institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board raised its stake in shares of Five Below by 93.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 93 shares in the last quarter. Private Trust Co. NA acquired a new stake in shares of Five Below in the 2nd quarter valued at about $28,000. CENTRAL TRUST Co raised its stake in shares of Five Below by 29.6% in the 3rd quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 80 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Five Below by 3,530.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 363 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 353 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Five Below during the fourth quarter worth about $70,000.

Five Below Company Profile

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.