Fintel reports that on September 23, 2024, Melius Research initiated coverage of Five Below (NasdaqGS:FIVE) with a Hold recommendation.
Analyst Price Forecast Suggests 14.45% Upside
As of August 26, 2024, the average one-year price target for Five Below is $110.27/share. The forecasts range from a low of $69.69 to a high of $234.31. The average price target represents an increase of 14.45% from its latest reported closing price of $96.35 / share.
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The projected annual revenue for Five Below is 4,362MM, an increase of 17.38%. The projected annual non-GAAP EPS is 7.12.
What is the Fund Sentiment?
There are 1,006 funds or institutions reporting positions in Five Below. This is an decrease of 31 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to FIVE is 0.25%, an increase of 23.32%. Total shares owned by institutions increased in the last three months by 1.37% to 68,797K shares. 
The put/call ratio of FIVE is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 3,813K shares representing 6.93% ownership of the company. In its prior filing, the firm reported owning 3,800K shares , representing an increase of 0.35%. The firm decreased its portfolio allocation in FIVE by 41.14% over the last quarter.
T. Rowe Price Investment Management holds 3,173K shares representing 5.77% ownership of the company. In its prior filing, the firm reported owning 2,449K shares , representing an increase of 22.82%. The firm decreased its portfolio allocation in FIVE by 19.70% over the last quarter.
Capital World Investors holds 2,773K shares representing 5.04% ownership of the company. In its prior filing, the firm reported owning 2,403K shares , representing an increase of 13.34%. The firm decreased its portfolio allocation in FIVE by 31.70% over the last quarter.
Wasatch Advisors holds 2,769K shares representing 5.03% ownership of the company. In its prior filing, the firm reported owning 1,876K shares , representing an increase of 32.25%. The firm decreased its portfolio allocation in FIVE by 9.30% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 2,752K shares representing 5.00% ownership of the company. In its prior filing, the firm reported owning 2,782K shares , representing a decrease of 1.09%. The firm decreased its portfolio allocation in FIVE by 30.85% 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.
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This story originally appeared on Fintel.
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