5 Junior Growth Stocks Jim Cramer is Talking About

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

Number of Hedge Fund Holders: 32

Cramer commented that Five Below, Inc.’s (NASDAQ:FIVE) “velocity to market distinguishes” the company from all of its competitors in the toy store market.

Cramer is not alone in being bullish on Five Below, Inc. (NASDAQ:FIVE), since analysts at Citigroup, too, have a Buy rating on the stock as of May 24.

Five Below, Inc. (NASDAQ:FIVE) was spotted in the portfolios of 32 hedge funds in the first quarter, with a total stake value of $712 million.

Here’s what Wasatch Global Investors, an asset management company, said about Five Below, Inc. (NASDAQ:FIVE) in its fourth-quarter 2022 investor letter:

“Another strong stock in the strategy was Five Below, Inc. (NASDAQ:FIVE). A specialty value retailer, the company offers a variety of merchandise at discounted prices. Five Below’s stock price rose sharply in early December after the company reported better-than-expected financial results and guided higher on revenues and earnings. The upbeat news cheered investors who had been concerned about Five Below’s ability to attract shoppers during the upcoming inflation-marred holiday season. We think the company’s debt-free balance sheet, substantial free cash flows, expanding store count and new Five Beyond format—in which prices can go as high as $25 in a designated section of the store—leave Five Below well-positioned for growth even in a potentially difficult retail environment.”

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