Five Below (NASDAQ:FIVE) Downgraded to “Neutral” at JPMorgan Chase & Co.

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

A number of other equities analysts have also recently weighed in on the company. Craig Hallum decreased their price objective on Five Below from $195.00 to $187.00 and set a hold rating on the stock in a report on Thursday, March 21st. Barclays lowered their price objective on shares of Five Below from $225.00 to $214.00 and set an overweight rating for the company in a report on Friday, March 22nd. Evercore ISI reduced their target price on shares of Five Below from $230.00 to $225.00 and set an outperform rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company lowered their price target on shares of Five Below from $200.00 to $180.00 and set an equal weight rating for the company in a research note on Thursday, March 21st. Finally, Telsey Advisory Group reduced their price objective on Five Below from $230.00 to $220.00 and set an outperform rating on the stock in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $210.33.

Five Below Price Performance

FIVE stock opened at $147.79 on Tuesday. The firm has a 50 day simple moving average of $182.69 and a two-hundred day simple moving average of $185.79. The stock has a market cap of $8.16 billion, a PE ratio of 27.27, a P/E/G ratio of 1.20 and a beta of 1.19. Five Below has a one year low of $144.57 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data 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). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. The business’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.07 earnings per share. On average, research analysts expect that Five Below will post 6.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its position in shares of Five Below by 1.9% during the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the specialty retailer’s stock valued at $2,884,000 after buying an additional 300 shares during the period. Raymond James & Associates boosted its position in Five Below by 1.2% during the 1st quarter. Raymond James & Associates now owns 80,847 shares of the specialty retailer’s stock valued at $14,664,000 after acquiring an additional 964 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new position in shares of Five Below during the 1st quarter worth approximately $725,000. Wasatch Advisors LP raised its position in shares of Five Below by 2.1% in the 1st quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock worth $340,278,000 after acquiring an additional 37,797 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of Five Below by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,522 shares of the specialty retailer’s stock valued at $2,453,000 after purchasing an additional 200 shares during the period.

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.