Five Below Builds Momentum Into the Holiday Season
Teens shop differently from adults, and so it's natural that a teen retailer might perform much differently from peers who focus on adult shoppers. Five Below (NASDAQ: FIVE) has done a great job of avoiding many of the downward pressures that have hit its counterparts, taking advantage of demand for everything from accessories to fidget spinners to capture the attention of its target audience.
Coming into Thursday's fiscal third-quarter financial report, Five Below shareholders were fully expecting that the teen retailer would be able to sustain and build momentum heading into the key holiday shopping season. Five Below's results were once again better than most had expected, and the company has never been more optimistic about its prospects. Let's take a closer look at Five Below and what its latest results say about its future.
Image source: Five Below.
Source: Fool.com
fiveBelow Inc. Stock
The stock is one of the favorites of our community with 42 Buy predictions and 1 Sell predictions.
With a target price of 178 € there is potential for a 111.7% increase which would mean more than doubling the current price of 84.08 € for fiveBelow Inc..
