JPMorgan Chase & Co. Issues Positive Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its target price raised by research analysts at JPMorgan Chase & Co. from $296.00 to $306.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 39.73% from the company’s current price.

FIVE has been the subject of a number of other research reports. Barclays boosted their price target on Five Below from $193.00 to $211.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. Wells Fargo & Company lifted their target price on Five Below from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft increased their price target on Five Below from $247.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded Five Below from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Truist Financial upped their price objective on shares of Five Below from $236.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.60.

Five Below Trading Up 2.5%

Shares of FIVE traded up $5.35 during trading hours on Monday, reaching $218.99. 92,573 shares of the company traded hands, compared to its average volume of 1,097,059. The stock’s fifty day moving average price is $225.34 and its 200 day moving average price is $199.01. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 1.60 and a beta of 1.00. Five Below has a 12-month low of $103.95 and a 12-month high of $251.63.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, topping the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.71 billion. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.48 EPS. On average, research analysts forecast that Five Below will post 8.14 earnings per share for the current year.

Insider Transactions at Five Below

In other Five Below news, COO Kenneth R. Bull sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the completion of the sale, the chief operating officer owned 92,531 shares of the company’s stock, valued at approximately $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Sargent sold 10,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $231.28, for a total value of $2,312,800.00. Following the sale, the director owned 83,674 shares in the company, valued at $19,352,122.72. The trade was a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.96% of the stock is owned by company insiders.

Institutional Trading of Five Below

Several large investors have recently bought and sold shares of FIVE. Advisory Services Network LLC acquired a new stake in shares of Five Below during the third quarter worth $32,000. Bayban acquired a new position in shares of Five Below in the 4th quarter valued at $34,000. V Square Quantitative Management LLC purchased a new position in Five Below in the 4th quarter worth $35,000. CI Investments Inc. raised its stake in Five Below by 44.3% in the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 74 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in Five Below during the 4th quarter worth about $38,000.

Five Below Company Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.