Savers Value Village’s (SVV) “Neutral” Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Savers Value Village (NYSE:SVV) in a report released on Friday morning, MarketBeat reports. The brokerage currently has a $10.00 price objective on the stock, down from their prior price objective of $11.00.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. Loop Capital cut their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. The Goldman Sachs Group downgraded shares of Savers Value Village from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $14.00 to $10.00 in a report on Friday, August 9th. Finally, Robert W. Baird lowered their price target on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Savers Value Village Price Performance

Shares of NYSE:SVV opened at $10.61 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $1.71 billion, a PE ratio of 23.07 and a beta of 1.59. Savers Value Village has a twelve month low of $7.78 and a twelve month high of $21.33. The company has a 50-day moving average price of $10.06 and a two-hundred day moving average price of $11.32.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. nVerses Capital LLC bought a new position in shares of Savers Value Village in the second quarter worth approximately $62,000. Mount Yale Investment Advisors LLC purchased a new position in Savers Value Village during the first quarter valued at $193,000. Oppenheimer Asset Management Inc. purchased a new position in Savers Value Village during the first quarter valued at $267,000. Aigen Investment Management LP raised its position in shares of 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 purchasing an additional 3,477 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Savers Value Village in the 2nd quarter worth about $255,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.