Five Below

FIVE · NASDAQ

$223.80−$1.81 (−0.80%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $225.61

FIVE analyst rating

BuyConsensus of 21 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy14
Hold6
Underperform1
Sell0

12-month price target · 25 analysts

Average $314.08 (+40.3% upside)

Low: $256.54
Now: $223.80
High: $441.00

Upgrades and downgrades

The latest rating actions, newest first

FIVE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Evercore ISI Group	Sep 29, 2026	Maintains	In-Line	$260.00 → $250.00	60%
Goldman Sachs	Sep 4, 2026	Maintains	Buy	$257.00 → $306.00	59%
JP Morgan	Sep 3, 2026	Maintains	Overweight	$325.00 → $368.00	57%
Jefferies	Sep 3, 2026	Maintains	Buy	$350.00 → $420.00	52%
Telsey Advisory Group	Sep 3, 2026	Maintains	Outperform	$280.00 → $305.00	51%
Evercore ISI Group	Sep 3, 2026	Maintains	In-Line	$245.00 → $260.00	60%
Citigroup	Sep 3, 2026	Maintains	Neutral	$235.00 → $265.00	53%
Truist Securities	Sep 3, 2026	Maintains	Buy	$273.00 → $297.00	62%
UBS	Sep 3, 2026	Maintains	Buy	$285.00 → $325.00	70%
Morgan Stanley	Sep 3, 2026	Maintains	Equal-Weight	$235.00 → $300.00	61%

The case for and against

Updated Oct 14, 2026

Bull case

Five Below is benefiting from a durable operating turnaround, with 2Q comps up 14.1% and the fifth straight quarter of double-digit comp growth, driven primarily by transaction gains and broad-based strength across demographics, geographies, and categories. The company’s “Rolling Thunder” merchandising and marketing process changes, combined with improved store execution and social/influencer-driven promotion, are supporting stronger traffic, while 2Q adjusted gross margin expanded to 35.6% and adjusted SG&A leverage helped lift the FY26 EBIT margin outlook to about 12.5%. Management also raised FY26 sales guidance to $5.63 billion-$5.71 billion and adjusted EPS to $9.83-$10.31, while new store openings, a growing buyback authorization, and a $1.2 billion cash and investment balance reinforce the case for continued fundamental upside.

Bear case

Five Below is vulnerable to an outsized dependence on holiday performance, with 4Q historically generating about 65% of annual profit and roughly 35% of sales and 45% of EBITDA, making any disruption during that period especially damaging. The thesis is further pressured by rising e-commerce penetration, which can dilute the company’s estimated 50% walk-by traffic, while consumer resistance to $6+ price points could reduce unit velocity and weaken comp sales as shoppers remain highly fickle. In addition, the prior ~20%+ store growth for 12 years is unlikely to remain a durable engine indefinitely, and greater competition, discretionary-spending softness, and execution risks around expansion and management turnover all point to a more fragile fundamental outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.