The Goldman Sachs Group Lowers Savers Value Village (NYSE:SVV) Price Target to $14.00

Savers Value Village (NYSE:SVV) had its price target trimmed by The Goldman Sachs Group from $22.00 to $14.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

SVV has been the topic of a number of other research reports. Loop Capital cut their target price on shares of Savers Value Village from $25.00 to $23.00 and set a buy rating on the stock in a research note on Monday, May 13th. Robert W. Baird dropped their price objective on shares of Savers Value Village from $23.00 to $21.00 and set an outperform rating on the stock in a research note on Friday, May 10th. JPMorgan Chase & Co. lowered shares of Savers Value Village from an overweight rating to a neutral rating and dropped their price objective for the stock from $21.00 to $12.00 in a research note on Monday, July 22nd. Finally, Piper Sandler dropped their price objective on shares of Savers Value Village from $18.00 to $13.00 and set an overweight rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $16.60.

Savers Value Village Stock Performance

NYSE:SVV opened at $9.69 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.99 and a quick ratio of 0.83. The firm has a 50-day moving average of $12.18 and a two-hundred day moving average of $15.99. The stock has a market cap of $1.57 billion and a P/E ratio of 23.63. Savers Value Village has a 1-year low of $9.24 and a 1-year high of $26.88.

Savers Value Village (NYSE:SVV) last issued its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The company had revenue of $354.17 million during the quarter, compared to analyst estimates of $354.88 million. Savers Value Village had a net margin of 4.17% and a return on equity of 12.18%. On average, research analysts expect that Savers Value Village will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Savers Value Village

Several large investors have recently made changes to their positions in the company. Baillie Gifford & Co. acquired a new stake in shares of Savers Value Village in the second quarter valued at approximately $5,000,000. Boston Partners acquired a new stake in shares of Savers Value Village in the first quarter valued at approximately $625,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Savers Value Village in the first quarter valued at approximately $193,000. Homestead Advisers Corp acquired a new stake in shares of Savers Value Village in the first quarter valued at approximately $721,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Savers Value Village in the first quarter valued at approximately $1,391,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Company Profile

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.