Savers Value Village, Inc. (NYSE:SVV) Receives $11.67 Consensus PT from Analysts

Shares of Savers Value Village, Inc. (NYSE:SVV) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.67.

A number of research firms have recently commented on SVV. Piper Sandler dropped their price objective on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, UBS Group dropped 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, February 21st.

Insider Transactions at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider T. Charles Hunsinger bought 6,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $7.25 per share, with a total value of $43,500.00. Following the acquisition, the insider now directly owns 14,100 shares in the company, valued at approximately $102,225. This trade represents a 74.07 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

A number of institutional investors and hedge funds have recently bought and sold shares of SVV. GSA Capital Partners LLP purchased a new position in Savers Value Village in the 3rd quarter worth approximately $248,000. Aigen Investment Management LP boosted its holdings in Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after acquiring an additional 3,477 shares during the period. Primecap Management Co. CA purchased a new position in Savers Value Village in the 3rd quarter worth approximately $651,000. Charles Schwab Investment Management Inc. raised its position in shares of Savers Value Village by 13.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company’s stock valued at $2,186,000 after purchasing an additional 24,746 shares in the last quarter. Finally, FMR LLC raised its position in shares of Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after purchasing an additional 808,867 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Savers Value Village Trading Down 1.2 %

Shares of SVV stock opened at $7.08 on Tuesday. The firm has a 50-day moving average price of $9.58 and a 200 day moving average price of $9.78. Savers Value Village has a twelve month low of $6.48 and a twelve month high of $19.72. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 39.32 and a beta of 1.41. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV) last posted 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 net margin of 1.89% and a return on equity of 8.74%. The company had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Research analysts forecast that Savers Value Village will post 0.28 earnings per share for the current fiscal 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.