Savers Value Village’s (SVV) “Neutral” Rating Reaffirmed at Piper Sandler

Piper Sandler restated their neutral rating on shares of Savers Value Village (NYSE:SVV) in a report issued on Friday, MarketBeat.com reports. Piper Sandler currently has a $10.00 price objective on the stock, down from their prior price objective of $11.00.

SVV has been the subject of several other reports. JPMorgan Chase & Co. cut shares of Savers Value Village from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $21.00 to $12.00 in a research report on Monday, July 22nd. Robert W. Baird dropped their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group cut shares of Savers Value Village from a “buy” rating to a “neutral” rating and dropped their target price for the company from $14.00 to $10.00 in a research report on Friday, August 9th. Finally, Loop Capital dropped their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.00.

Savers Value Village Price Performance

NYSE:SVV opened at $10.61 on Friday. Savers Value Village has a 52 week low of $7.78 and a 52 week high of $21.33. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 23.07 and a beta of 1.59. The firm’s 50-day simple moving average is $10.06 and its 200 day simple moving average is $11.32. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.87 and a current ratio of 1.03.

Institutional Investors Weigh In On Savers Value Village

A number of hedge funds have recently made changes to their positions in SVV. Makaira Partners LLC acquired a new stake in shares of Savers Value Village in the 2nd quarter valued at approximately $27,418,000. Thrivent Financial for Lutherans boosted its position in 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 worth $25,320,000 after buying an additional 1,586,964 shares during the period. The Manufacturers Life Insurance Company boosted its position in 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 worth $23,051,000 after buying an additional 481,423 shares during the period. Baillie Gifford & Co. acquired a new stake in Savers Value Village during the 2nd quarter worth approximately $5,000,000. Finally, Millennium Management LLC boosted its position in Savers Value Village by 79.3% during the 2nd quarter. Millennium Management LLC now owns 316,097 shares of the company’s stock worth $3,869,000 after buying an additional 139,811 shares during the period. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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.