Five Below (NASDAQ:FIVE) Price Target Raised to $197.00 at JPMorgan Chase & Co.

Five Below (NASDAQ:FIVE) had its price target increased by analysts at JPMorgan Chase & Co. from $186.00 to $197.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 20.48% from the stock’s previous close.

A number of other research firms also recently issued reports on FIVE. Wells Fargo & Company raised their target price on Five Below from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Five Below in a report on Wednesday, October 8th. Wall Street Zen raised shares of Five Below from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Bank of America upped their price target on shares of Five Below from $110.00 to $132.00 and gave the company an “underperform” rating in a research note on Thursday. Finally, Barclays raised their target price on Five Below from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $170.42.

Five Below Stock Up 0.2%

Five Below stock traded up $0.36 during mid-day trading on Thursday, reaching $163.51. 2,105,825 shares of the company’s stock were exchanged, compared to its average volume of 1,746,724. The business’s fifty day simple moving average is $154.70 and its 200 day simple moving average is $141.23. The firm has a market capitalization of $9.02 billion, a PE ratio of 33.09, a P/E/G ratio of 2.33 and a beta of 1.17. Five Below has a one year low of $52.38 and a one year high of $168.98.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.46. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $971.96 million. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Five Below has set its FY 2025 guidance at 5.710-5.890 EPS and its Q4 2025 guidance at 3.360-3.540 EPS. On average, sell-side analysts forecast that Five Below will post 4.93 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

A number of institutional investors have recently made changes to their positions in FIVE. Eastern Bank lifted its holdings in shares of Five Below by 705.0% during the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 141 shares during the last quarter. IFP Advisors Inc raised its position in Five Below by 653.8% during the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Five Below during the second quarter worth about $26,000. Advisory Services Network LLC purchased a new position in shares of Five Below in the 3rd quarter worth about $32,000. Finally, CI Investments Inc. increased its position in shares of Five Below by 44.3% during the 3rd quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 74 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.