Savers Value Village, Inc. (NYSE:SVV) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Savers Value Village, Inc. (NYSE:SVV) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.83.

A number of equities analysts recently weighed in on the company. Piper Sandler upped their price target on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. William Blair began coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an “outperform” rating on the stock. UBS Group reduced their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group lifted their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 21st.

Savers Value Village Price Performance

NYSE:SVV opened at $10.82 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The company has a 50 day moving average price of $8.05 and a 200-day moving average price of $9.42. Savers Value Village has a 1-year low of $6.48 and a 1-year high of $17.30. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 60.10 and a beta of 0.95.

Savers Value Village (NYSE:SVV) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share 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 analysts’ expectations of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. Equities research analysts forecast that Savers Value Village will post 0.28 EPS for the current year.

Insider Transactions at Savers Value Village

In other news, insider T. Charles Hunsinger acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the acquisition, the insider now owns 14,100 shares of the company’s stock, valued at $102,225. This trade represents a 74.07 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Institutional investors and hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. lifted its holdings in Savers Value Village by 570.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock valued at $37,817,000 after acquiring an additional 3,138,844 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Savers Value Village by 662.1% in the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock valued at $4,835,000 after purchasing an additional 409,850 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Savers Value Village by 94.0% during the 4th quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock worth $1,280,000 after purchasing an additional 60,507 shares during the period. Vanguard Group Inc. grew its holdings in shares of Savers Value Village by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock worth $24,422,000 after purchasing an additional 68,316 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Savers Value Village by 389.9% in the 4th quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock valued at $849,000 after buying an additional 65,900 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.