Five Below (NASDAQ:FIVE) Cut to “Underweight” at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Thursday, Marketbeat reports. They presently have a $95.00 price target on the specialty retailer’s stock, up from their previous price target of $89.00. JPMorgan Chase & Co.‘s target price points to a potential downside of 0.43% from the company’s previous close.

Several other equities research analysts have also commented on FIVE. UBS Group decreased their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Telsey Advisory Group decreased their price objective on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Truist Financial reiterated a “hold” rating and issued a $89.00 price objective on shares of Five Below in a research report on Monday, August 26th. Barclays lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $176.00 to $90.00 in a research report on Wednesday, July 17th. Finally, William Blair lowered shares of Five Below from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.95.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $95.41 on Thursday. The firm has a market capitalization of $5.25 billion, a P/E ratio of 17.87, a PEG ratio of 0.99 and a beta of 1.21. Five Below has a one year low of $64.87 and a one year high of $216.18. The company’s fifty day moving average is $79.47 and its two-hundred day moving average is $123.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FIVE. Point72 Asset Management L.P. increased its stake in shares of Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. 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 acquired a new position in shares of Five Below during the 4th quarter valued at about $73,472,000. Norges Bank acquired a new position in shares of Five Below during the 4th quarter valued at about $68,825,000. Marshall Wace LLP increased its stake in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after acquiring an additional 207,083 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after acquiring an additional 167,330 shares during the last quarter.

About Five Below

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.