Savers Value Village, Inc. (NYSE:SVV) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Savers Value Village, Inc. (NYSE:SVV) have received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.67.

Several research firms have recently weighed in on SVV. Piper Sandler lowered their price objective on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. UBS Group dropped their price objective on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, William Blair assumed coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an “outperform” rating on the stock.

Savers Value Village Stock Up 1.0 %

Shares of SVV stock opened at $9.03 on Friday. Savers Value Village has a one year low of $6.48 and a one year high of $17.91. 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 stock has a fifty day moving average price of $8.12 and a 200 day moving average price of $9.47. The stock has a market cap of $1.43 billion, a P/E ratio of 50.14 and a beta of 1.24.

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

Insiders Place Their Bets

In related news, insider T. Charles Hunsinger acquired 6,000 shares of the stock in a transaction on Friday, March 7th. The stock was 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 $102,225. The trade was a 74.07 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The disclosure for this sale can be found here. Insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Several hedge funds and other institutional investors have recently made changes to their positions in SVV. BNP Paribas Financial Markets bought a new position in Savers Value Village in the fourth quarter valued at about $36,000. GAMMA Investing LLC lifted its position in Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock valued at $41,000 after purchasing an additional 4,671 shares during the period. Versant Capital Management Inc bought a new position in shares of Savers Value Village in the 1st quarter valued at about $51,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Savers Value Village during the 4th quarter worth approximately $57,000. Finally, Wexford Capital LP acquired a new stake in shares of Savers Value Village during the 4th quarter worth approximately $106,000. 98.78% of the stock is owned by institutional investors and hedge funds.

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.