Analysts Set Savers Value Village, Inc. (NYSE:SVV) PT at $11.83

Shares of Savers Value Village, Inc. (NYSE:SVV) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.83.

Several research firms recently commented on SVV. UBS Group cut their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler lifted their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday.

Insider Transactions at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in Savers Value Village during the fourth quarter valued at about $36,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Savers Value Village in the fourth quarter worth about $57,000. Wexford Capital LP purchased a new stake in shares of Savers Value Village in the fourth quarter worth about $106,000. Wells Fargo & Company MN lifted its holdings in shares of Savers Value Village by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock worth $112,000 after buying an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Savers Value Village in the fourth quarter worth about $113,000. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Trading Down 19.2 %

Shares of Savers Value Village stock opened at $9.10 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of 50.53 and a beta of 1.09. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The firm’s 50 day moving average is $10.67 and its 200 day moving average is $10.06. Savers Value Village has a 1 year low of $7.78 and a 1 year high of $21.33.

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