Five Below (NASDAQ:FIVE) Shares Gap Down on Analyst Downgrade

Five Below, Inc. (NASDAQ:FIVE – Get Rating) shares gapped down before the market opened on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $239.00 to $237.00. The stock had previously closed at $198.17, but opened at $191.20. JPMorgan Chase & Co. currently has an overweight rating on the stock. Five Below shares last traded at $194.69, with a volume of 181,990 shares traded.

Several other equities analysts have also weighed in on the company. Roth Mkm upgraded Five Below from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $240.00 in a report on Monday, February 13th. TheStreet upgraded Five Below from a “c+” rating to a “b” rating in a research note on Wednesday. William Blair began coverage on Five Below in a research report on Wednesday, December 7th. They set an “outperform” rating on the stock. Morgan Stanley lifted their target price on Five Below from $145.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 5th. Finally, Gordon Haskett raised Five Below from an “accumulate” rating to a “buy” rating and lifted their target price for the stock from $190.00 to $240.00 in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.50.

Insider Activity

In other news, CMO Michael Romanko sold 3,750 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total value of $718,125.00. Following the completion of the transaction, the chief marketing officer now owns 8,901 shares of the company’s stock, valued at approximately $1,704,541.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five Below

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVE. Raymond James Financial Services Advisors Inc. boosted its stake in Five Below by 2.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer’s stock worth $710,000 after purchasing an additional 119 shares during the period. Private Advisor Group LLC acquired a new position in shares of Five Below during the 1st quarter worth about $209,000. Citigroup Inc. boosted its stake in shares of Five Below by 10.7% during the 1st quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer’s stock worth $2,649,000 after buying an additional 1,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Five Below by 793.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer’s stock worth $248,000 after buying an additional 1,388 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Five Below by 7.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer’s stock worth $4,936,000 after buying an additional 2,155 shares during the last quarter.

Five Below Trading Down 1.0 %

The stock’s 50 day moving average price is $197.80 and its 200 day moving average price is $168.10. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 1.85 and a beta of 1.15.

Five Below (NASDAQ:FIVE – Get Rating) last issued its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.07. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Five Below had a net margin of 7.81% and a return on equity of 20.11%. Five Below’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 EPS. On average, research analysts expect that Five Below, Inc. will post 5.62 earnings per share for the current year.

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.