JPMorgan Chase & Co. Has Lowered Expectations for Savers Value Village (NYSE:SVV) Stock Price

Savers Value Village (NYSE:SVV) had its price objective reduced by JPMorgan Chase & Co. from $10.00 to $9.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Piper Sandler raised their price objective on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Savers Value Village presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.83.

Savers Value Village Trading Down 19.2 %

Shares of SVV stock opened at $9.10 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of 50.53 and a beta of 1.09. Savers Value Village has a 12-month low of $7.78 and a 12-month high of $21.33. The firm has a 50-day moving average price of $10.67 and a 200 day moving average price of $10.06. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

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

Insiders Place Their Bets

In related news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SVV. Wexford Capital LP bought a new position in shares of Savers Value Village in the 4th quarter valued at about $106,000. Nuveen Asset Management LLC boosted its position in Savers Value Village by 56.8% during the fourth quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company’s stock valued at $1,100,000 after purchasing an additional 38,856 shares during the last quarter. Janus Henderson Group PLC bought a new position in Savers Value Village in the fourth quarter valued at approximately $128,000. Cubist Systematic Strategies LLC acquired a new position in shares of Savers Value Village during the 4th quarter worth approximately $183,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Savers Value Village during the 4th quarter worth approximately $36,000. Institutional investors own 98.78% of the company’s stock.

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.