Savers Value Village, Inc. (NYSE:SVV) Receives $11.83 Average Target Price from Analysts

Shares of Savers Value Village, Inc. (NYSE:SVV - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $11.67.

A number of equities analysts have recently commented on SVV shares. Piper Sandler cut their price target on shares of Savers Value Village from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their price target on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, UBS Group decreased their price target on Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Friday.

Savers Value Village Trading Up 1.3 %

Shares of SVV stock traded up $0.11 during mid-day trading on Friday, reaching $7.91. 876,223 shares of the stock traded hands, compared to its average volume of 650,770. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 43.92 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock's fifty day simple moving average is $10.63 and its two-hundred day simple moving average is $10.05. Savers Value Village has a 1-year low of $7.67 and a 1-year high of $21.33.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. On average, research analysts anticipate that Savers Value Village will post 0.28 EPS for the current fiscal year.

Insider Activity at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its stake in Savers Value Village by 570.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after buying an additional 3,138,844 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Savers Value Village by 49.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock valued at $61,192,000 after acquiring an additional 1,970,894 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Savers Value Village during the 4th quarter valued at $11,324,000. FMR LLC boosted its stake in Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company's stock worth $36,167,000 after acquiring an additional 808,867 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Savers Value Village by 1,328.7% in the fourth quarter. Marshall Wace LLP now owns 541,103 shares of the company's stock worth $5,546,000 after purchasing an additional 503,230 shares during the period. 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.