JPMorgan Chase & Co. Trims Five Below (NASDAQ:FIVE) Target Price to $237.00

Five Below (NASDAQ:FIVE – Get Rating) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $239.00 to $237.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 22.54% from the stock’s current price.

FIVE has been the subject of a number of other reports. Truist Financial boosted their target price on shares of Five Below from $217.00 to $224.00 in a report on Thursday. Roth Capital reiterated a “buy” rating and issued a $240.00 target price (up from $180.00) on shares of Five Below in a report on Monday, February 13th. Needham & Company LLC boosted their price target on Five Below from $172.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, December 1st. Telsey Advisory Group restated an “outperform” rating and set a $230.00 price target on shares of Five Below in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Five Below from $234.00 to $238.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $207.50.

Five Below Price Performance

FIVE stock opened at $193.40 on Thursday. The business has a 50-day moving average price of $197.80 and a 200 day moving average price of $168.10. The company has a market capitalization of $10.74 billion, a P/E ratio of 41.24, a PEG ratio of 1.85 and a beta of 1.15. Five Below has a 1-year low of $109.49 and a 1-year high of $212.56.

Five Below (NASDAQ:FIVE – Get Rating) last announced its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, hitting analysts’ consensus estimates of $3.07. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Five Below had a net margin of 7.81% and a return on equity of 20.11%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 earnings per share. On average, analysts anticipate that Five Below will post 5.62 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In other news, CMO Michael Romanko sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $191.50, for a total transaction of $718,125.00. Following the completion of the transaction, the chief marketing officer now directly owns 8,901 shares of the company’s stock, valued at approximately $1,704,541.50. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FIVE. Darsana Capital Partners LP acquired a new position in shares of Five Below during the 2nd quarter worth approximately $161,638,000. FMR LLC raised its stake in Five Below by 25.1% in the 2nd quarter. FMR LLC now owns 7,061,002 shares of the specialty retailer’s stock valued at $800,929,000 after purchasing an additional 1,415,117 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Five Below by 63.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,661,903 shares of the specialty retailer’s stock valued at $228,795,000 after purchasing an additional 644,271 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Five Below in the 2nd quarter valued at $70,023,000. Finally, 1832 Asset Management L.P. acquired a new position in Five Below in the 4th quarter valued at $99,794,000.

Five Below Company Profile

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.