10 Best Department Store Stocks to Invest in

8. Five Below, Inc. (NASDAQ:FIVE)

Number of Hedge Fund Holders: 48

Five Below, Inc. (NASDAQ:FIVE) is a specialty value retailer offering various products, including licensed merchandise and select brands. Its product offerings include fashion, leisure, snacks, seasonal, electronic accessories, party, and more.

The company attained a milestone by opening a record 228 new stores in 2024, bringing the total to 1,771 stores across the United States. This expansion reflects a 14.7% increase over 2023 and highlights Five Below, Inc.’s (NASDAQ:FIVE) aggressive growth strategy and commitment to broadening its market presence.

Five Below, Inc. (NASDAQ:FIVE) also saw a 10.4% growth in its total sales in fiscal year 2024, reaching approximately $3.88 billion, up from $3.51 billion in 2023. The company is thus able to drive revenue despite a challenging retail environment, which is why investors are bullish on the stock. Its median price target of $77.78 implies an upside of 24.07% from current levels.