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

Savers Value Village (NYSE:SVV) had its price target cut by investment analysts at Piper Sandler from $11.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 26.50% from the stock’s current price.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. dropped their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. UBS Group decreased their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Savers Value Village currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Savers Value Village Stock Performance

NYSE:SVV opened at $7.91 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. Savers Value Village has a fifty-two week low of $7.67 and a fifty-two week high of $21.33. The firm has a market capitalization of $1.26 billion, a PE ratio of 43.92 and a beta of 1.09. The stock’s fifty day moving average is $10.58 and its 200 day moving average is $10.05.

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

Insider Buying and Selling

In other news, General Counsel Richard A. Medway sold 4,800 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.38% of the stock is owned by company insiders.

Institutional Trading of Savers Value Village

Hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its stake in shares of 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 purchasing an additional 3,138,844 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in 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 last quarter. Ameriprise Financial Inc. purchased a new position in shares of Savers Value Village during the 4th quarter worth about $11,324,000. FMR LLC grew its stake in shares of Savers Value Village by 30.8% during the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after buying an additional 808,867 shares during the period. Finally, Marshall Wace LLP increased its stake 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 acquiring an additional 503,230 shares during the last quarter. 98.78% of the stock is 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.