Savers Value Village (NYSE:SVV) Research Coverage Started at William Blair

William Blair assumed coverage on shares of Savers Value Village (NYSE:SVV) in a research note published on Friday, Marketbeat Ratings reports. The brokerage issued an outperform rating on the stock.

Several other equities research analysts have also recently commented on SVV. UBS Group decreased their target price on 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. JPMorgan Chase & Co. cut their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Piper Sandler lowered 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Savers Value Village Stock Up 6.7 %

Savers Value Village stock opened at $7.59 on Friday. The firm has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $9.61. 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 52-week low of $6.48 and a 52-week high of $18.93. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 42.14 and a beta of 1.24.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The firm had revenue of $401.99 million for 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%. Equities analysts predict that Savers Value Village will post 0.28 EPS for the current year.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village news, insider T. Charles Hunsinger bought 6,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the acquisition, the insider now directly owns 14,100 shares of the company’s stock, valued at approximately $102,225. The trade was a 74.07 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction dated Tuesday, January 21st. The shares were 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. Insiders own 2.38% of the company’s stock.

Institutional Trading of Savers Value Village

Institutional investors and hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of Savers Value Village by 49.3% during 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 buying an additional 1,970,894 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Savers Value Village by 570.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock valued at $37,817,000 after acquiring an additional 3,138,844 shares in the last quarter. FMR LLC boosted its holdings in Savers Value Village by 30.8% during the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after acquiring an additional 808,867 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Savers Value Village by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock worth $24,422,000 after acquiring an additional 68,316 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Savers Value Village in the fourth quarter valued at about $11,324,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.