Five Below, Inc. (NASDAQ:FIVE – Get Free Report)’s share price gapped down prior to trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $122.00 to $87.00. The stock had previously closed at $102.07, but opened at $85.71. JPMorgan Chase & Co. currently has a neutral rating on the stock. Five Below shares last traded at $86.63, with a volume of 2,939,103 shares.
Other equities analysts have also recently issued reports about the stock. UBS Group lowered their price objective on shares of Five Below from $223.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup cut shares of Five Below from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $175.00 to $92.00 in a research report on Wednesday. Craig Hallum lowered their price objective on shares of Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Wells Fargo & Company lowered their price objective on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $160.00 to $100.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $121.05.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of FIVE. Junto Capital Management LP acquired a new position in shares of Five Below during the 4th quarter valued at $73,472,000. Norges Bank acquired a new position in shares of Five Below during the 4th quarter valued at $68,825,000. Jennison Associates LLC acquired a new position in shares of Five Below during the 1st quarter valued at $25,114,000. Riverbridge Partners LLC lifted its position in shares of Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after acquiring an additional 72,020 shares during the period. Finally, Capital World Investors lifted its position in shares of Five Below by 2.5% during the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after acquiring an additional 58,883 shares during the period.
Five Below Trading Down 25.1 %
The stock’s 50-day moving average is $119.97 and its 200-day moving average is $159.65. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.16 and a beta of 1.19.
Five Below (NASDAQ:FIVE – Get Free Report) last released its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The business had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, analysts predict that Five Below, Inc. will post 5.2 EPS for the current 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.