Piper Sandler Reiterates Neutral Rating for Savers Value Village (NYSE:SVV)

Savers Value Village (NYSE:SVV)‘s stock had its “neutral” rating restated by research analysts at Piper Sandler in a report issued on Friday, Marketbeat reports. They presently have a $10.00 price target on the stock, down from their prior price target of $11.00. Piper Sandler’s target price would suggest a potential downside of 9.50% from the company’s current price.

Several other research analysts also recently commented on the company. Robert W. Baird cut their target price on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group downgraded Savers Value Village from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $10.00 in a research note on Friday, August 9th. JPMorgan Chase & Co. downgraded Savers Value Village from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $12.00 in a research note on Monday, July 22nd. Finally, Loop Capital cut their target price on Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.00.

Savers Value Village Stock Up 2.3 %

SVV stock opened at $11.05 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 48.04 and a beta of 1.59. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The stock has a fifty day moving average of $10.00 and a 200-day moving average of $11.50.

Savers Value Village (NYSE:SVV) last issued its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The company had revenue of $396.70 million during the quarter, compared to the consensus estimate of $391.13 million. During the same quarter in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that Savers Value Village will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Savers Value Village

A number of large investors have recently modified their holdings of the company. Makaira Partners LLC purchased a new position in shares of Savers Value Village during the 2nd quarter valued at about $27,418,000. Thrivent Financial for Lutherans raised its holdings in shares of Savers Value Village by 329.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock valued at $25,320,000 after buying an additional 1,586,964 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Savers Value Village by 34.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after buying an additional 481,423 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Savers Value Village by 34.8% during the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock valued at $5,793,000 after buying an additional 142,101 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Savers Value Village by 79.3% during the 2nd quarter. Millennium Management LLC now owns 316,097 shares of the company’s stock valued at $3,869,000 after buying an additional 139,811 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.