Fintel reports that on September 8, 2023, Evercore ISI Group maintained coverage of Five Below (NASDAQ:FIVE) with a In-Line recommendation.
Analyst Price Forecast Suggests 40.07% Upside
As of August 31, 2023, the average one-year price target for Five Below is 226.21. The forecasts range from a low of 186.85 to a high of $282.45. The average price target represents an increase of 40.07% from its latest reported closing price of 161.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Five Below is 3,660MM, an increase of 12.51%. The projected annual non-GAAP EPS is 5.75.
What is the Fund Sentiment?
There are 1037 funds or institutions reporting positions in Five Below. This is a decrease of 35 owner(s) or 3.26% in the last quarter. Average portfolio weight of all funds dedicated to FIVE is 0.40%, a decrease of 12.07%. Total shares owned by institutions decreased in the last three months by 3.49% to 69,003K shares. 
The put/call ratio of FIVE is 1.03, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 4,017K shares representing 7.21% ownership of the company. In it's prior filing, the firm reported owning 3,893K shares, representing an increase of 3.11%. The firm increased its portfolio allocation in FIVE by 106.82% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 3,104K shares representing 5.57% ownership of the company. In it's prior filing, the firm reported owning 3,046K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in FIVE by 7.81% over the last quarter.
T. Rowe Price Investment Management holds 2,931K shares representing 5.26% ownership of the company. In it's prior filing, the firm reported owning 2,720K shares, representing an increase of 7.17%. The firm decreased its portfolio allocation in FIVE by 2.34% over the last quarter.
Capital Research Global Investors holds 1,920K shares representing 3.45% ownership of the company. In it's prior filing, the firm reported owning 1,919K shares, representing an increase of 0.04%. The firm decreased its portfolio allocation in FIVE by 10.37% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,736K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 1,634K shares, representing an increase of 5.91%. The firm decreased its portfolio allocation in FIVE by 6.43% over 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.
Additional reading:
- Five Below, Inc. Announces Second Quarter Fiscal 2023 Financial Results Q2 Net Sales Increase of 13.5% Q2 Comparable Sales Increase of 2.7% with a 4.5% Increase in Comparable Transactions Q2 EPS Increase of 13.5% to $0.84
- Offer Letter, dated June 13, 2023.
- Amended and Restated Bylaws of Five Below, Inc.
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