Five Below Inc (FIVE) Received its Third Buy in a Row

By Austin Angelo

After Loop Capital Markets and Evercore ISI gave Five Below Inc (NASDAQ: FIVE) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel maintained a Buy rating on Five Below Inc today and set a price target of $140. The company’s shares closed yesterday at $119.35.

Nagel observed:

“We recently launched coverage of Five Below (FIVE) with an investment rating of Note Here). Our favorable longer-term outlook for FIVE and its shares, hinges upon our view of the company as one of the most compelling new unit expansion stories in retail. FIVE is set to report final Q4 (Jan.) results on the market close. As we look toward this upcoming announcement, we’re optimistic that an upbeat initial 2019 outlook from management could further support a positive market narrative and prove an incremental, near-term positive catalyst for shares. Our 12-18 month price target of $140 implies upside potential of +15% from current levels.”

According to, Nagel is a 5-star analyst with an average return of 8.0% and a 62.3% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Dick’s Sporting Goods.

Five Below Inc has an analyst consensus of Moderate Buy, with a price target consensus of $133.67, representing an 12.0% upside. In a report issued on March 20, Evercore ISI also initiated coverage with a Buy rating on the stock with a $140 price target.

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The company has a one-year high of $136.13 and a one-year low of $69.36. Currently, Five Below Inc has an average volume of 863.9K.

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Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.