Savers Value Village (NYSE:SVV) Shares Gap Up to $10.26

Savers Value Village, Inc. (NYSE:SVV)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.26, but opened at $10.50. Savers Value Village shares last traded at $10.50, with a volume of 84,596 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SVV shares. Piper Sandler lowered their target price on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. The Goldman Sachs Group lowered shares of Savers Value Village from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $14.00 to $10.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. Loop Capital lowered their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Robert W. Baird lowered their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Savers Value Village has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Savers Value Village Stock Up 2.0 %

The company has a market cap of $1.68 billion, a PE ratio of 25.02 and a beta of 1.65. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. The firm’s fifty day simple moving average is $9.81 and its 200-day simple moving average is $13.49.

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

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently modified their holdings of SVV. Parallel Advisors LLC purchased a new position in shares of Savers Value Village during the fourth quarter valued at approximately $36,000. nVerses Capital LLC purchased a new position in shares of Savers Value Village during the second quarter valued at approximately $62,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Savers Value Village during the first quarter valued at approximately $193,000. Victory Capital Management Inc. purchased a new position in shares of Savers Value Village during the second quarter valued at approximately $255,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Savers Value Village during the first quarter valued at approximately $267,000. Hedge funds and other 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.