5 Best Mid-Cap Stocks For 2021

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

Number of Hedge Fund Holders: 42

Five Below, Inc. (NASDAQ: FIVE) is an American discount stores chain with over 1000 stores across the United States. It is ranked second on our list of 15 best mid-cap stocks for 2021. The stock has returned over 110.99% to investors over the course of the past year.

On July 3, Five Below, Inc. (NASDAQ: FIVE) posted earnings for the first quarter of 2021, reporting earnings per share of $0.88, beating estimates by $0.23. The revenue over the period was around $598 million, up 197.57% year-over-year.

At the end of the second quarter of 2021, 42 hedge funds in the database of Insider Monkey held stakes worth $783 million in Five Below, Inc. (NASDAQ: FIVE).

Out of the hedge funds tracked by Insider Monkey, Arrowstreet Capital has the most valuable stake in Five Below, Inc. (NASDAQ: FIVE) as of the end of the second quarter of 2021, worth close to $94 million, comprising 0.11% of its 13F portfolio.

On August 23, Deutsche Bank boosted its price target on Five Below, Inc. (NASDAQ: FIVE) to $271 from $254 and reiterated its Buy rating. Deutsche Bank noted that the company still had opportunities to increase market share and square footage.