Savers Value Village, Inc. (NYSE:SVV) Receives $11.83 Average PT from Analysts

Savers Value Village, Inc. (NYSE:SVV) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.67.

Several equities research analysts recently commented on the company. UBS Group cut their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, February 21st. Piper Sandler lowered their price objective on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective 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.

Savers Value Village Trading Down 1.4 %

NYSE:SVV opened at $7.93 on Friday. Savers Value Village has a 52 week low of $7.67 and a 52 week high of $21.33. The firm has a 50 day moving average of $10.54 and a 200 day moving average of $10.03. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 44.03 and a beta of 1.09.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, sell-side analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Savers Value Village news, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Savers Value Village

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Savers Value Village in the 4th quarter worth about $36,000. KLP Kapitalforvaltning AS acquired a new position in shares of Savers Value Village in the 4th quarter worth $57,000. Wexford Capital LP purchased a new stake in Savers Value Village during the fourth quarter valued at about $106,000. Wells Fargo & Company MN raised its position in Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after buying an additional 3,725 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Savers Value Village during the 4th quarter valued at $113,000. Institutional investors 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.