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

Shares of Savers Value Village, Inc. (NYSE:SVV) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.67.

A number of research analysts recently commented on SVV shares. Piper Sandler lowered their price objective on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. William Blair began coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an “outperform” rating for the company. UBS Group dropped their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price objective on 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.

Insider Activity

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

Hedge Funds Weigh In On Savers Value Village

A number of large investors have recently modified their holdings of SVV. BNP Paribas Financial Markets acquired a new stake in shares of Savers Value Village in the 4th quarter valued at $36,000. GAMMA Investing LLC lifted its position in Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock valued at $41,000 after purchasing an additional 4,671 shares during the period. Versant Capital Management Inc bought a new position in shares of Savers Value Village in the 1st quarter valued at about $51,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Savers Value Village during the 4th quarter worth approximately $57,000. Finally, Wexford Capital LP bought a new stake in shares of Savers Value Village during the fourth quarter worth approximately $106,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Trading Up 1.1 %

NYSE SVV opened at $8.95 on Friday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 49.72 and a beta of 1.24. Savers Value Village has a 12 month low of $6.48 and a 12 month high of $17.91. The company’s fifty day moving average price is $8.16 and its two-hundred day moving average price is $9.48. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings results 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). The company had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. As a group, research analysts predict that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

About Savers Value Village

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.