Fintel reports that on April 25, 2024, Wells Fargo upgraded their outlook for Five Below (NasdaqGS:FIVE) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 43.49% Upside
As of April 18, 2024, the average one-year price target for Five Below is 216.45. The forecasts range from a low of 181.80 to a high of $257.25. The average price target represents an increase of 43.49% from its latest reported closing price of 150.85.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Five Below is 4,362MM, an increase of 22.55%. The projected annual non-GAAP EPS is 7.12.
What is the Fund Sentiment?
There are 1,036 funds or institutions reporting positions in Five Below. This is an increase of 10 owner(s) or 0.97% in the last quarter. Average portfolio weight of all funds dedicated to FIVE is 0.38%, an increase of 0.03%. Total shares owned by institutions decreased in the last three months by 1.51% to 69,903K shares. 
The put/call ratio of FIVE is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 3,761K shares representing 6.81% ownership of the company. In its prior filing, the firm reported owning 4,343K shares , representing a decrease of 15.46%. The firm increased its portfolio allocation in FIVE by 5.21% over the last quarter.
T. Rowe Price Investment Management holds 3,006K shares representing 5.44% ownership of the company. In its prior filing, the firm reported owning 3,046K shares , representing a decrease of 1.33%. The firm increased its portfolio allocation in FIVE by 20.26% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 2,803K shares representing 5.07% ownership of the company. In its prior filing, the firm reported owning 3,272K shares , representing a decrease of 16.76%. The firm increased its portfolio allocation in FIVE by 6.99% over the last quarter.
Capital World Investors holds 2,345K shares representing 4.24% ownership of the company. In its prior filing, the firm reported owning 2,344K shares , representing an increase of 0.01%. The firm increased its portfolio allocation in FIVE by 18.96% over the last quarter.
ANCFX - AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 1,886K shares representing 3.41% ownership of the company. No change in the last quarter.
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.
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