Five Below (NASDAQ:FIVE) Shares Gap Up Following Analyst Upgrade

Five Below, Inc. (NASDAQ:FIVE) shares gapped up before the market opened on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $86.00 to $89.00. The stock had previously closed at $78.94, but opened at $82.81. JPMorgan Chase & Co. currently has a neutral rating on the stock. Five Below shares last traded at $79.83, with a volume of 995,835 shares traded.

Several other research analysts have also weighed in on the company. The Goldman Sachs Group lowered their price objective on Five Below from $163.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Barclays lowered Five Below from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $176.00 to $90.00 in a research report on Wednesday, July 17th. Evercore ISI lowered Five Below from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $160.00 to $113.00 in a research report on Wednesday, July 17th. Morgan Stanley lowered 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, July 17th. Finally, Mizuho lowered Five Below from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $150.00 to $85.00 in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $110.11.

Institutional Trading of Five Below

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its holdings in Five Below by 3.1% during the 4th quarter. Picton Mahoney Asset Management now owns 2,530 shares of the specialty retailer’s stock worth $540,000 after purchasing an additional 75 shares in the last quarter. Janney Capital Management LLC increased its holdings in Five Below by 3.2% during the 4th quarter. Janney Capital Management LLC now owns 2,419 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 76 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Five Below by 1.7% during the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Finally, HMS Capital Management LLC boosted its stake in shares of Five Below by 6.2% in the 1st quarter. HMS Capital Management LLC now owns 1,604 shares of the specialty retailer’s stock worth $291,000 after buying an additional 94 shares during the last quarter.

Five Below Stock Performance

The business has a 50 day moving average price of $86.51 and a two-hundred day moving average price of $135.14. The stock has a market cap of $4.36 billion, a PE ratio of 15.01, a P/E/G ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. As a group, research analysts anticipate that Five Below, Inc. will post 4.89 earnings per share 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.