On February 8, 2023, Barclays initiated coverage of Five Below with a Overweight recommendation.
Analyst Price Forecast Suggests 3.41% Upside
As of February 9, 2023, the average one-year price target for Five Below is $205.82. The forecasts range from a low of $176.75 to a high of $246.75. The average price target represents an increase of 3.41% from its latest reported closing price of $199.04.
The projected annual revenue for Five Below is $3,113MM, an increase of 5.53%. The projected annual EPS is $4.74, an increase of 14.44%.
What are large shareholders doing?
Wasatch Advisors holds 2,595K shares representing 4.67% ownership of the company. In it's prior filing, the firm reported owning 2,724K shares, representing a decrease of 4.96%. The firm increased its portfolio allocation in FIVE by 27.09% over the last quarter.
T. Rowe Price Investment Management holds 2,471K shares representing 4.45% ownership of the company.
Capital Research Global Investors holds 1,717K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 1,716K shares, representing an increase of 0.02%. The firm increased its portfolio allocation in FIVE by 28.04% over the last quarter.
Capital World Investors holds 1,703K shares representing 3.07% ownership of the company. In it's prior filing, the firm reported owning 1,703K shares, representing a decrease of 0.04%. The firm increased its portfolio allocation in FIVE by 28.22% over the last quarter.
Massachusetts Financial Services holds 1,662K shares representing 2.99% ownership of the company. In it's prior filing, the firm reported owning 1,018K shares, representing an increase of 38.77%. The firm increased its portfolio allocation in FIVE by 114.94% over the last quarter.
What is the Fund Sentiment?
There are 985 funds or institutions reporting positions in Five Below. This is an increase of 12 owner(s) or 1.23% in the last quarter. Average portfolio weight of all funds dedicated to FIVE is 0.46%, an increase of 20.58%. Total shares owned by institutions increased in the last three months by 2.08% to 73,291K shares. The put/call ratio of FIVE is 1.59, indicating a bearish outlook.
Five Below Background Information
(This description is provided by the company.)
Five Below is a leading high-growth value retailer o�ering trend-right, high-quality products loved by tweens, teens and beyond. They know life is way better when you're free to "let go & have fun" in an amazing experience �lled with unlimited possibilities. With most items priced $1-$5, and some extreme value items priced beyond $5, the company makes it easy to say YES! to the newest, coolest stu� across 8 awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 1,050 stores in 38 states.
This story originally appeared on Fintel.
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