Savers Value Village, Inc. (NYSE:SVV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Several equities research analysts have issued reports on SVV shares. UBS Group dropped their price objective 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. Piper Sandler decreased their price target on 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. Finally, JPMorgan Chase & Co. lowered their target price 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.

Insider Activity

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

Institutional Investors Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Savers Value Village in the fourth quarter valued at about $1,986,000. Wexford Capital LP bought a new position in shares of Savers Value Village in the fourth quarter valued at approximately $106,000. Nuveen Asset Management LLC raised its stake in Savers Value Village by 56.8% in the 4th quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company’s stock valued at $1,100,000 after acquiring an additional 38,856 shares during the period. Janus Henderson Group PLC purchased a new position in Savers Value Village during the fourth quarter worth about $128,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Savers Value Village during the 4th quarter worth $183,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Price Performance

NYSE:SVV opened at $7.03 on Tuesday. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $19.72. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 39.03 and a beta of 1.41. The company’s 50-day moving average is $9.51 and its two-hundred day moving average is $9.77. 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 released its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (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 during the quarter, compared to analysts’ expectations of $402.00 million. Research analysts expect that Savers Value Village will post 0.28 EPS for the current 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.