Savers Value Village (NYSE:SVV) Shares Gap Up to $10.26

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $10.26, but opened at $10.50. Savers Value Village shares last traded at $10.50, with a volume of 84,596 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SVV shares. Loop Capital cut their target price on shares of Savers Value Village from $23.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Piper Sandler dropped their price objective on Savers Value Village from $13.00 to $11.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group cut Savers Value Village from a "buy" rating to a "neutral" rating and decreased their target price for the company from $14.00 to $10.00 in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered Savers Value Village from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. Finally, Robert W. Baird decreased their price objective on Savers Value Village from $21.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Savers Value Village has a consensus rating of "Moderate Buy" and an average price target of $12.20.

Savers Value Village Stock Up 1.5 %

The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $13.49. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 25.54 and a beta of 1.65.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). Savers Value Village had a net margin of 2.47% and a return on equity of 2.88%. The business had revenue of $396.70 million during the quarter, compared to analyst estimates of $391.13 million. During the same quarter last year, the business earned $0.22 earnings per share. Savers Value Village's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in Savers Value Village by 6.7% in the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company's stock valued at $335,000 after acquiring an additional 1,749 shares during the last quarter. Parallel Advisors LLC acquired a new stake in Savers Value Village in the 4th quarter valued at about $36,000. Sei Investments Co. lifted its stake in Savers Value Village by 8.9% in the 2nd quarter. Sei Investments Co. now owns 58,704 shares of the company's stock valued at $719,000 after purchasing an additional 4,808 shares during the last quarter. nVerses Capital LLC bought a new position in Savers Value Village during the second quarter worth about $62,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Savers Value Village during the first quarter worth approximately $193,000. Institutional investors own 98.78% of the company's stock.

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.