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Joel Anderson, CEO, Five Below
Scott Mlyn | CNBC
Discount retailer Five Below is well positioned going into the holiday season, and the shares are a cheap now after investors sold the stock on trade war fears, according to J.P. Morgan.
The firm added Five Below to its U.S. Equity Analyst Focus List, while the stock also sits on J.P. Morgan’s Top 5 holiday and 2020 ideas lists.
“FIVE has 25% sourcing exposure to China, with guidance incorporating the anticipated impact of tariff rate increase,” said J.P. Morgan’s retail analyst Matthew Boss in a note to clients.
