Five Below (NASDAQ:FIVE) Given New $252.00 Price Target at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) had its target price trimmed by JPMorgan Chase & Co. from $266.00 to $252.00 in a report issued on Tuesday morning, The Fly reports.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Five Below from $235.00 to $240.00 and gave the stock an overweight rating in a research report on Thursday, December 2nd. Oppenheimer increased their price objective on shares of Five Below from $220.00 to $230.00 and gave the stock an outperform rating in a research report on Friday, December 3rd. Morgan Stanley upgraded shares of Five Below from an equal weight rating to an overweight rating and set a $230.00 price objective for the company in a research report on Thursday, October 7th. Craig Hallum increased their price objective on shares of Five Below from $232.00 to $240.00 and gave the stock a buy rating in a research report on Thursday, December 2nd. Finally, Telsey Advisory Group increased their target price on shares of Five Below from $230.00 to $235.00 and gave the stock an outperform rating in a research note on Thursday, December 2nd. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Five Below has a consensus rating of Buy and an average price target of $230.29.

Shares of NASDAQ FIVE opened at $173.31 on Tuesday. Five Below has a 52-week low of $165.25 and a 52-week high of $237.86. The firm has a 50 day moving average price of $198.73 and a two-hundred day moving average price of $197.14. The stock has a market cap of $9.71 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 1.06 and a beta of 1.29.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 1st. The specialty retailer reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.14. Five Below had a net margin of 9.69% and a return on equity of 27.29%. The company had revenue of $607.65 million during the quarter, compared to analysts’ expectations of $562.48 million. During the same period in the prior year, the company posted $0.36 earnings per share. Five Below’s revenue for the quarter was up 27.5% compared to the same quarter last year. On average, analysts expect that Five Below will post 4.94 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in FIVE. First Mercantile Trust Co. bought a new position in shares of Five Below in the second quarter valued at $126,000. Rafferty Asset Management LLC lifted its position in shares of Five Below by 39.9% during the second quarter. Rafferty Asset Management LLC now owns 5,334 shares of the specialty retailer’s stock valued at $1,031,000 after purchasing an additional 1,520 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Five Below by 28.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,347 shares of the specialty retailer’s stock valued at $454,000 after purchasing an additional 515 shares in the last quarter. AGF Investments Inc. bought a new position in shares of Five Below during the second quarter valued at about $187,000. Finally, JustInvest LLC bought a new position in shares of Five Below during the second quarter valued at about $464,000. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

Five Below Company Profile

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

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