Five Below (NASDAQ:FIVE) Stock Rating Upgraded by JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Monday, MarketBeat reports. The firm currently has a $57.00 target price on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 2.24% from the stock’s previous close.

A number of other equities research analysts have also weighed in on FIVE. StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Evercore ISI dropped their price objective on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Barclays cut their target price on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their price target on shares of Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Five Below currently has an average rating of “Hold” and an average price target of $97.95.

Five Below Stock Down 8.4 %

NASDAQ:FIVE opened at $55.75 on Monday. Five Below has a twelve month low of $52.38 and a twelve month high of $163.32. The stock’s 50-day simple moving average is $81.39 and its 200 day simple moving average is $90.79. The firm has a market capitalization of $3.07 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.65 EPS. On average, analysts anticipate that Five Below will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Trading of Five Below

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Five Below during the fourth quarter valued at about $8,489,000. National Bank of Canada FI boosted its stake in Five Below by 155.2% during the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after purchasing an additional 47,940 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in Five Below during the 3rd quarter worth approximately $522,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Five Below by 52.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock worth $2,401,000 after purchasing an additional 9,336 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Five Below in the third quarter valued at approximately $465,000.

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.