JPMorgan Chase & Co. Lowers Savers Value Village (NYSE:SVV) Price Target to $9.00

Savers Value Village (NYSE:SVV) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 1.04% from the stock’s previous close.

Separately, Piper Sandler increased their price objective on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Savers Value Village Stock Performance

Shares of SVV stock opened at $9.10 on Friday. The stock has a fifty day moving average of $10.67 and a 200 day moving average of $10.06. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 50.53 and a beta of 1.09. Savers Value Village has a 52 week low of $7.78 and a 52 week high of $21.33.

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

Insider Activity

In related news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Savers Value Village by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after buying an additional 50,051 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after buying an additional 3,138,844 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Savers Value Village in the 3rd quarter worth about $252,000. FMR LLC increased its holdings in Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after buying an additional 808,867 shares in the last quarter. Finally, AIA Group Ltd increased its holdings in Savers Value Village by 120.6% in the 3rd quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock worth $1,122,000 after buying an additional 58,297 shares in the last quarter. 98.78% of the stock is currently owned by 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.