Brokerages Set Savers Value Village, Inc. (NYSE:SVV) Price Target at $25.13

Shares of Savers Value Village, Inc. (NYSE:SVV) have received a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $25.13.

Several research firms have recently issued reports on SVV. Piper Sandler lowered their target price on shares of Savers Value Village from $24.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Robert W. Baird lowered their target price on shares of Savers Value Village from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Finally, Loop Capital decreased their price target on shares of Savers Value Village from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, May 13th.

Insiders Place Their Bets

In other Savers Value Village news, insider Melinda L. Geisser sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $19.13, for a total value of $38,260.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Savers Value Village news, insider Melinda L. Geisser sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $19.13, for a total value of $38,260.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Richard A. Medway sold 2,850 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $19.13, for a total transaction of $54,520.50. The disclosure for this sale can be found here. Insiders have sold 21,850 shares of company stock valued at $409,151 in the last ninety days. 2.38% of the stock is currently owned by corporate insiders.

Institutional Trading of Savers Value Village

A number of hedge funds and other institutional investors have recently made changes to their positions in SVV. Invesco Ltd. increased its holdings in shares of Savers Value Village by 5.1% during the 3rd quarter. Invesco Ltd. now owns 446,637 shares of the company’s stock worth $8,339,000 after buying an additional 21,637 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Savers Value Village in the 3rd quarter valued at approximately $214,000. Alberta Investment Management Corp acquired a new stake in Savers Value Village in the 3rd quarter valued at approximately $866,000. Deutsche Bank AG increased its holdings in Savers Value Village by 44.5% in the 3rd quarter. Deutsche Bank AG now owns 433,564 shares of the company’s stock valued at $8,095,000 after purchasing an additional 133,564 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Savers Value Village by 602.1% in the 3rd quarter. American Century Companies Inc. now owns 1,238,684 shares of the company’s stock valued at $23,126,000 after purchasing an additional 1,062,253 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Price Performance

Shares of SVV opened at $12.09 on Friday. The business’s 50-day moving average is $13.84 and its two-hundred day moving average is $16.72. The company has a market capitalization of $1.96 billion and a P/E ratio of 29.49. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 0.99. Savers Value Village has a fifty-two week low of $10.16 and a fifty-two week high of $26.88.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). Savers Value Village had a return on equity of 12.18% and a net margin of 4.17%. The company had revenue of $354.17 million for the quarter, compared to analyst estimates of $354.88 million. Research analysts predict that Savers Value Village will post 0.53 earnings per share for the current year.

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.