Five Below (NASDAQ:FIVE) Upgraded at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a $57.00 target price on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 0.41% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Bank of America decreased their price target on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. Barclays cut their price target on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. The Goldman Sachs Group lowered their price objective on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Loop Capital lowered their price target on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. Finally, Evercore ISI lowered their target price on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.05.

Five Below Stock Down 3.5 %

NASDAQ FIVE opened at $56.77 on Monday. The company has a market cap of $3.13 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The firm’s 50-day simple moving average is $83.68 and its two-hundred day simple moving average is $91.58. Five Below has a 52 week low of $52.38 and a 52 week high of $164.05.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $3.65 EPS. Five Below’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Five Below will post 4.93 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Five Below by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock worth $529,792,000 after acquiring an additional 43,537 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Five Below by 3.7% in the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after purchasing an additional 86,271 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the last quarter. State Street Corp lifted its holdings in shares of Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new position in shares of Five Below during the fourth quarter valued at $123,601,000.

Five Below Company Profile

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.