Savers Value Village (NYSE:SVV) Stock Price Up 6%

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s share price was up 6% during mid-day trading on Wednesday . The company traded as high as $9.61 and last traded at $9.55. Approximately 144,249 shares were traded during trading, a decline of 81% from the average daily volume of 770,675 shares. The stock had previously closed at $9.01.

Analyst Ratings Changes

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

Savers Value Village Price Performance

The stock's fifty day moving average is $10.87 and its 200-day moving average is $14.95. The stock has a market capitalization of $1.59 billion, a PE ratio of 24.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 0.87.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $396.70 million for the quarter, compared to analysts' expectations of $391.13 million. Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. As a group, equities analysts predict that Savers Value Village, Inc. will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new position in Savers Value Village during the fourth quarter valued at $36,000. nVerses Capital LLC acquired a new position in Savers Value Village during the second quarter worth about $62,000. Zevenbergen Capital Investments LLC acquired a new position in Savers Value Village during the fourth quarter worth about $193,000. Mount Yale Investment Advisors LLC acquired a new position in Savers Value Village during the first quarter worth about $193,000. Finally, Victory Capital Management Inc. acquired a new position in Savers Value Village during the second 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.