Five Below (NASDAQ:FIVE) Acts Gap Up on Analyst Update

Five Below, Inc. (NASDAQ:FIVE – Get Your Free Report ) had a pre-market gap on Thursday after JPMorgan Chase & Co . raised their target price 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.

Several other equities analysts have also issued reports on FIVE. Loop Capital cut their price target on shares of Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a report on Friday, June 7th. Mizuho downgraded Five Below from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $150.00 to $85.00 in a report on Wednesday, July 17th. Gordon Haskett downgraded Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. UBS Group cut their price target on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, StockNews.com downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $109.63, according to MarketBeat.com.

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Hedge funds weigh in on the five below

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management LP raised its position in Five Below by 556.2% in the second quarter. Point72 Asset Management LP now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares during the last quarter. Junto Capital Management LP bought a new stake in shares of Five Below during the fourth quarter valued at approximately $73,472,000. Norges Bank acquired a new stake in shares of Five Below during the fourth quarter valued at approximately $68,825,000. Marshall Wace LLP boosted its position in shares of Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after buying an additional 167,330 shares during the period.

Five under stock, down 0.9%

The company’s fifty-day moving average is $85.82, and its 200-day moving average is $134.75. The company has a market cap of $4.31 billion, a PE ratio of 14.71, a P/E/G ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE – Get Free Report ) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Analysts estimate that Five Below, Inc. will record 4.89 EPS for the current fiscal year.

About Five Below

(Get a free report)

Five Below, Inc operates as a specialty retailer in the United States. The company offers a range of accessories including novelty socks, sunglasses, jewellery, scarves, gloves, hair accessories, athletic tops and bottoms and t-shirts, as well as branded nail polish, lip gloss, perfume and cosmetics ; and custom living space products such as lamps, posters, frames, wool blankets, plush, pillows, candles, incense, lighting, new decor, accent furniture and related items, as well as offering storage options.

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