Wells Fargo Thinks Five Below’s Stock is Going to Recover

In a report issued on March 30, Edward Kelly from Wells Fargo maintained a Buy rating on Five Below (FIVEResearch Report), with a price target of $240.00. The company’s shares closed last Thursday at $158.37, close to its 52-week low of $143.44.

According to, Kelly is a 5-star analyst with an average return of 12.8% and a 70.0% success rate. Kelly covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Bj’s Wholesale Club Holdings, and Performance Food Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Five Below with a $218.31 average price target, a 35.3% upside from current levels. In a report released yesterday, KeyBanc also reiterated a Buy rating on the stock with a $230.00 price target.

See today’s best-performing stocks on TipRanks >>

Five Below’s market cap is currently $8.98B and has a P/E ratio of 34.33.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on FIVE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More