This Out-of-Favor Retailer Stock Will Be on the Move This Week

If you think the markdowns at your local Five Below (NASDAQ: FIVE) are steep, you should check out the stock price. Shares of the cheap-chic discounter have lost more than half of their value this year, one of just 11 investments with market caps north of $4 billion to suffer that portfolio-crushing fate.It's been a rough year full of financial misses, analyst downgrades, and a shake-up at the top for the brick-and-mortar chain that sells most of its offerings for $5 or less. This isn't Five Below at its best, but with the shares down 61% in 2024 -- off by nearly two-thirds since peaking three summers ago -- is this a buying opportunity? With the chain looking to post its fiscal second-quarter results later this week, the stock will be on the move.Five Below seemed destined to revisit its all-time highs coming out of the 2023 holiday shopping season. It wasn't until March of this year that investors found out that things weren't going so well for the big-box chain popular with teens and tweens looking to get more bang for their buck. The retailer fell short of Wall Street targets on both ends of the income statement for the fiscal fourth quarter. Guidance wasn't very inspiring.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool