Savers Value Village, Inc. (NYSE:SVV) Receives $11.67 Consensus Target Price from Analysts

Savers Value Village, Inc. (NYSE:SVV) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $11.67.

A number of research firms have recently weighed in on SVV. JPMorgan Chase & Co. dropped their price target on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Piper Sandler reduced their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group decreased their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

Savers Value Village Price Performance

Shares of SVV opened at $6.98 on Tuesday. The company’s 50-day moving average is $9.43 and its 200-day moving average is $9.76. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The firm has a market capitalization of $1.11 billion, a PE ratio of 38.75 and a beta of 1.41. Savers Value Village has a fifty-two week low of $6.48 and a fifty-two week high of $19.72.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The company had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Equities analysts forecast that Savers Value Village will post 0.28 EPS for the current year.

Insider Transactions at Savers Value Village

In related news, insider T. Charles Hunsinger purchased 6,000 shares of Savers Value Village stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the transaction, the insider now owns 14,100 shares of the company’s stock, valued at approximately $102,225. This represents a 74.07 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Richard A. Medway sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The disclosure for this sale can be found here. Company insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Several large investors have recently modified their holdings of SVV. Geode Capital Management LLC boosted its position in Savers Value Village by 10.2% during the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock valued at $5,714,000 after acquiring an additional 50,051 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Savers Value Village by 570.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after purchasing an additional 3,138,844 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Savers Value Village in the third quarter valued at approximately $252,000. FMR LLC boosted its holdings in shares of Savers Value Village by 30.8% during the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after buying an additional 808,867 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new stake in shares of Savers Value Village during the 3rd quarter worth approximately $651,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

About Savers Value Village

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.