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Five Below Earns Buy Rating On Its Bright Future Outlook

Five Below, Inc. (FIVE) is a chain of 366 specialty retail stores in the United States. The company offers a range of products,including fashion apparel, packaged food, PC accessories and a variety of seasonal products. The company sets prices at $5 or below for all of its products. It primarily targets teens and pre-teens. I am bullish on the company's future outlook because of its store expansion plan, as there is plenty of white space available across the country. In addition to this, the company is also building a strong distribution network to support its expansion. It has managed to build strong merchandising and product development team to address its target audience and create brand awareness. Furthermore, I have used P/E and EV/EBITDA multiples to achieve a price target of $36.74 per share, which means potential for price appreciation

Expansion Plans

The company is focusing on expanding its footprint by… Read More …