Savers Value Village (NYSE:SVV) Trading 5.6% Higher

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s stock price was up 5.6% during trading on Friday . The stock traded as high as $9.50 and last traded at $9.50. Approximately 26,892 shares changed hands during trading, a decline of 96% from the average daily volume of 752,352 shares. The stock had previously closed at $9.00.

Wall Street Analysts Forecast Growth

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

Savers Value Village Price Performance

The firm has a 50-day moving average of $9.98 and a 200-day moving average of $13.84. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.87 and a current ratio of 1.03. The firm has a market capitalization of $1.64 billion, a P/E ratio of 24.88 and a beta of 1.65.

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). 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 for the quarter, compared to the consensus estimate of $391.13 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Savers Value Village

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Makaira Partners LLC bought a new position in shares of Savers Value Village during the 2nd quarter valued at $27,418,000. Thrivent Financial for Lutherans lifted its holdings in Savers Value Village by 329.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company's stock valued at $25,320,000 after acquiring an additional 1,586,964 shares during the period. Norges Bank purchased a new position in Savers Value Village in the fourth quarter worth about $25,076,000. Goldman Sachs Group Inc. boosted its position in Savers Value Village by 103.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company's stock worth $16,908,000 after purchasing an additional 495,482 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Savers Value Village by 34.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company's stock valued at $23,051,000 after purchasing an additional 481,423 shares during the period. Hedge funds and other institutional investors own 98.78% of the company's stock.

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.