Savers Value Village, Inc. (NYSE:SVV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Savers Value Village, Inc. (NYSE:SVV) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.67.

SVV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a 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 for the company in a research note on Monday, February 24th. Finally, UBS Group lowered 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

NYSE SVV opened at $6.90 on Tuesday. The company has a 50-day moving average price of $9.72 and a two-hundred day moving average price of $9.83. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 38.36 and a beta of 1.41. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. Savers Value Village has a 52 week low of $6.48 and a 52 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 analysts’ consensus estimates of $0.09 by ($0.04). The business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. Analysts forecast that Savers Value Village will post 0.28 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction 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 legal filing with the SEC, which is available through this hyperlink. Also, insider T. Charles Hunsinger bought 6,000 shares of Savers Value Village stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the acquisition, the insider now owns 14,100 shares of the company’s stock, valued at $102,225. The trade was a 74.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.38% of the company’s stock.

Institutional Trading of Savers Value Village

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of Savers Value Village during the third quarter valued at approximately $248,000. Aigen Investment Management LP raised its stake in Savers Value Village by 29.0% during the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after purchasing an additional 3,477 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Savers Value Village in the third quarter valued at $651,000. Charles Schwab Investment Management Inc. boosted its position in shares of Savers Value Village by 13.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company’s stock worth $2,186,000 after buying an additional 24,746 shares during the period. Finally, FMR LLC grew its holdings in shares of Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after buying an additional 808,867 shares in the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.