Five Below rises after Jefferies upgrades to 'buy'

Five Below

13/08/2026 10:38

** Shares of discount retailer Five Below FIVE.O up ~2.7% at $244.54 in premarket trading
** Jefferies upgrades to "buy" from "hold"; raised PT to $350 from $210, representing a 47% upside to the stock's last close
** Brokerage says FIVE is becoming a more sustainable growth story, driven by improving productivity, strong store expansion, higher comparable sales, and faster earnings growth
** Brokerage says FIVE's merchant-led strategy under CEO Winnie Park is driving steadier product wins and supporting sustainable growth
**  "We view this as the start of a multi-year climb rather than a one-off benefit," adds brokerage
** 19 of 27 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $260 - LSEG-compiled data
** As of last day's close, stock up 26.4% YTD

 (Reporting by Kanishka Ajmera in Bengaluru)
 ((mail to: Kanishka.Ajmera@thomsonreuters.com))