Savers Value Village (NYSE:SVV) Price Target Lowered to $10.00 at Piper Sandler

Savers Value Village (NYSE:SVV) had its price target reduced by Piper Sandler from $11.00 to $10.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

SVV has been the subject of several other reports. JPMorgan Chase & Co. reduced their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. UBS Group cut their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Savers Value Village Stock Down 13.8 %

SVV opened at $7.82 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. Savers Value Village has a 12 month low of $7.75 and a 12 month high of $21.33. The stock has a market capitalization of $1.25 billion, a P/E ratio of 43.42 and a beta of 1.09. The business has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $10.05.

Savers Value Village (NYSE:SVV) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. On average, equities analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. grew its stake 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 acquiring an additional 3,138,844 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Savers Value Village by 49.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company’s stock valued at $61,192,000 after purchasing an additional 1,970,894 shares during the period. Ameriprise Financial Inc. acquired a new position in Savers Value Village in the fourth quarter valued at $11,324,000. FMR LLC lifted its position in Savers Value Village by 30.8% during the third 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 during the period. Finally, Marshall Wace LLP lifted its position in Savers Value Village by 1,328.7% during the fourth quarter. Marshall Wace LLP now owns 541,103 shares of the company’s stock worth $5,546,000 after buying an additional 503,230 shares during the period. 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.