Five Below (NASDAQ:FIVE) PT Raised to $89.00 at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) had its target price upped by analysts at JPMorgan Chase & Co. from $86.00 to $89.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 17.99% from the stock’s previous close.

A number of other equities analysts have also recently commented on FIVE. The Goldman Sachs Group lowered their price target on Five Below from $163.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. UBS Group dropped their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Wells Fargo & Company reduced their price target on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Citigroup lowered their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $79.00 target price (down previously from $155.00) on shares of Five Below in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.63.

Five Below Stock Down 3.6 %

Shares of Five Below stock opened at $75.43 on Thursday. The firm’s 50-day moving average price is $85.03 and its two-hundred day moving average price is $133.96. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.87 and a beta of 1.19. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) 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 firm had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts expect that Five Below will post 4.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Five Below during the fourth quarter worth $3,726,000. Atria Wealth Solutions Inc. raised its position in shares of Five Below by 64.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,922 shares of the specialty retailer’s stock worth $623,000 after acquiring an additional 1,143 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Five Below by 3.1% in the 4th quarter. Truist Financial Corp now owns 30,855 shares of the specialty retailer’s stock valued at $6,577,000 after purchasing an additional 914 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Five Below by 34.5% during the 4th quarter. Russell Investments Group Ltd. now owns 66,821 shares of the specialty retailer’s stock valued at $14,244,000 after purchasing an additional 17,125 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Five Below by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 26,250 shares of the specialty retailer’s stock worth $5,595,000 after purchasing an additional 1,614 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.