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

Savers Value Village, Inc. (NYSE:SVV) has been given a consensus recommendation of “Buy” by the nine brokerages that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $25.13.

SVV has been the topic of a number of research analyst reports. Robert W. Baird cut their target price on Savers Value Village from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Piper Sandler cut their target price on Savers Value Village from $24.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Finally, Loop Capital cut their target price on Savers Value Village from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, May 13th.

Insider Transactions at Savers Value Village

In other news, CEO Mark T. Walsh sold 17,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $18.61, for a total transaction of $316,370.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Mark T. Walsh sold 17,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $18.61, for a total transaction of $316,370.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard A. Medway sold 2,850 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $19.13, for a total transaction of $54,520.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,850 shares of company stock valued at $409,151. 2.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Savers Value Village

A number of institutional investors and hedge funds have recently modified their holdings of SVV. Parallel Advisors LLC acquired a new position in shares of Savers Value Village during the fourth quarter worth $36,000. Tower Research Capital LLC TRC boosted its stake in Savers Value Village by 49.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,508 shares of the company’s stock valued at $78,000 after acquiring an additional 1,500 shares in the last quarter. Citigroup Inc. acquired a new position in Savers Value Village in the third quarter valued at $92,000. Zevenbergen Capital Investments LLC acquired a new position in Savers Value Village in the fourth quarter valued at $193,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Savers Value Village in the first quarter valued at $193,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Stock Up 5.7 %

SVV stock opened at $12.24 on Friday. The firm has a market cap of $1.98 billion and a PE ratio of 29.85. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 0.99. The firm’s 50 day moving average price is $13.94 and its 200-day moving average price is $16.75. Savers Value Village has a one year low of $10.16 and a one year high of $26.88.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The firm had revenue of $354.17 million during the quarter, compared to analysts’ expectations of $354.88 million. Savers Value Village had a net margin of 4.17% and a return on equity of 12.18%. On average, equities research analysts anticipate that Savers Value Village will post 0.56 EPS for the current year.

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.