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

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

Several other equities research analysts also recently issued reports on SVV. UBS Group decreased 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 note on Friday. JPMorgan Chase & Co. lowered their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.67.

Savers Value Village Stock Down 13.8 %

Shares of NYSE SVV opened at $7.82 on Monday. The stock has a market capitalization of $1.25 billion, a PE ratio of 43.42 and a beta of 1.09. 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 fifty day moving average of $10.63 and a 200-day moving average of $10.05. Savers Value Village has a 52-week low of $7.75 and a 52-week high of $21.33.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results 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 for 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%. On average, analysts anticipate that Savers Value Village will post 0.28 EPS for the current year.

Insider Activity at Savers Value Village

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 is accessible through this hyperlink. Company insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SVV. BNP Paribas Financial Markets acquired a new stake in Savers Value Village in the fourth quarter worth approximately $36,000. KLP Kapitalforvaltning AS bought a new stake in shares of Savers Value Village in the 4th quarter worth $57,000. Wexford Capital LP acquired a new stake in shares of Savers Value Village in the fourth quarter valued at $106,000. Wells Fargo & Company MN boosted its stake in Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after buying an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Savers Value Village during the fourth quarter worth about $113,000. 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.