TLDR
- Five Below stock hit an all-time high of $251.71, up 78% over the past year
- BlackRock acquired a 9.71% stake worth approximately $965 million
- Q2 EPS of $2.22 crushed the $1.77 estimate; revenue rose 32.5% year over year to $1.29 billion
- Jefferies upgraded the stock from Hold to Buy, raising its price target to $350
- Analyst consensus sits at “Moderate Buy” with an average price target of $262.80
Five Below stock hit an all-time high of $251.71 on Monday, capping a 78% run over the past 12 months. The stock trades with a market cap of $13.84 billion and a PE ratio of 31.60.
The record price comes shortly after a blowout earnings report. Five Below posted Q2 EPS of $2.22, beating the analyst estimate of $1.77 by $0.45. Revenue came in at $1.29 billion, up 32.5% year over year and ahead of the $1.23 billion consensus.
That compares to EPS of just $0.86 in the same quarter last year, a jump that caught Wall Street’s attention in a big way.
For the full year, Five Below guided for EPS of $8.65 to $9.05. Analysts currently expect $9.08 EPS for FY2026.
BlackRock filed a 13F showing it purchased 5.37 million Five Below stock units in Q2, valued at roughly $965 million. That gives the asset manager a 9.71% stake in the company.
BlackRock’s Big Bet
The BlackRock move is one of the largest single institutional buys in Five Below recently. Several other funds also added to positions, including Global Retirement Partners, Bessemer Group, and V Square Quantitative Management.
The 50-day moving average sits at $206.24, and the 200-day moving average is at $214.45, both well below the current price. The stock’s 52-week low was $137.77.
Analyst upgrades followed the earnings beat quickly. Raymond James upgraded Five Below to Outperform in July. Jefferies moved from Hold to Buy, lifting its target from $210 to $350, calling it a “durable growth story.”
Analyst Outlook
UBS reaffirmed its Buy rating and kept a $285 price target, saying it expects the next earnings report to confirm sustainable growth. Wells Fargo also expressed optimism around same-store sales and tariff developments.
Weiss Ratings did downgrade the stock from Hold (C+) to Hold (C) in early June. Wall Street Zen also moved from Buy to Hold recently.
The overall picture: one analyst rates it Strong Buy, 19 rate it Buy, 10 rate it Hold, and two rate it Sell. The consensus price target is $262.80.
Seven analysts have revised their earnings estimates upward ahead of the next reporting period, according to InvestingPro.
InvestingPro flags Five Below as potentially overvalued relative to its Fair Value, placing it on the platform’s Most Overvalued list.
Five Below’s 52-week high, set Monday at $251.71, comes just days after the stock was trading at $250.24 on Friday.
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