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

Savers Value Village, Inc. (NYSE:SVV) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.67.

SVV has been the topic of a number of analyst reports. Piper Sandler decreased their target price on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. William Blair assumed coverage on Savers Value Village in a report on Friday, April 4th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. dropped their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, UBS Group reduced their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

Insider Buying and Selling

In other Savers Value Village news, insider T. Charles Hunsinger purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the purchase, the insider now directly owns 14,100 shares of the company’s stock, valued at $102,225. The trade was a 74.07 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 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 insiders.

Institutional Trading of Savers Value Village

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Savers Value Village by 386.7% in 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 purchased a new position in Savers Value Village during the first quarter valued at $51,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Savers Value Village during the 4th quarter valued at $1,986,000. Wexford Capital LP purchased a new stake in shares of Savers Value Village in the 4th quarter worth about $106,000. Finally, Nuveen Asset Management LLC increased its stake in shares of Savers Value Village by 56.8% in the 4th quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company’s stock worth $1,100,000 after acquiring an additional 38,856 shares in the last quarter. 98.78% of the stock is owned by institutional investors.

Savers Value Village Price Performance

SVV opened at $9.00 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 50.00 and a beta of 1.24. 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 has a 12-month low of $6.48 and a 12-month high of $17.91. The stock has a 50-day moving average price of $8.25 and a 200-day moving average price of $9.49.

Savers Value Village (NYSE:SVV) last issued its 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 firm had revenue of $401.99 million during the quarter, compared to analysts’ expectations 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 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.