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

Five Below (NASDAQ:FIVE) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Monday,Benzinga reports. The firm presently has a $57.00 price objective on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 0.41% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Telsey Advisory Group dropped their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, March 18th. Truist Financial decreased their target price on Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. UBS Group reduced their price target on shares of Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, Loop Capital lowered their price objective on shares of Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $99.05.

Five Below Price Performance

Five Below stock opened at $56.77 on Monday. The firm has a market cap of $3.13 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The stock’s fifty day moving average price is $83.68 and its two-hundred day moving average price is $91.58. Five Below has a one year low of $52.38 and a one year high of $164.05.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $3.65 earnings per share. Five Below’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. This represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Several hedge funds have recently modified their holdings of FIVE. Vanguard Group Inc. boosted its position in Five Below by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock worth $529,792,000 after purchasing an additional 43,537 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Five Below by 3.7% in the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after buying an additional 86,271 shares during the last quarter. Marshall Wace LLP grew its position in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after buying an additional 1,072,642 shares during the period. State Street Corp increased its holdings in Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after buying an additional 31,520 shares during the last quarter. Finally, Steadfast Capital Management LP bought a new stake in Five Below in the fourth quarter worth about $123,601,000.

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.