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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 TipRanks.com, 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.

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

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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.

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