William Blair Initiates Coverage on Savers Value Village (NYSE:SVV)

Stock analysts at William Blair assumed coverage on shares of Savers Value Village (NYSE:SVV - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The firm set an "outperform" rating on the stock.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Piper Sandler dropped 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. Finally, UBS Group reduced their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $11.67.

Savers Value Village Stock Performance

Shares of NYSE:SVV traded up $0.71 during trading on Friday, hitting $8.11. 400,009 shares of the company traded hands, compared to its average volume of 742,560. 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 business's fifty day moving average is $8.50 and its 200-day moving average is $9.56. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 45.03 and a beta of 1.24. Savers Value Village has a one year low of $6.48 and a one year high of $18.93.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.05 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 the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. As a group, equities analysts predict that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Savers Value Village

In related news, insider T. Charles Hunsinger acquired 6,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $7.25 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Richard A. Medway sold 4,800 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were 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. Insiders own 2.38% of the company's stock.

Institutional Trading of Savers Value Village

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Savers Value Village by 386.7% during the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after acquiring an additional 4,671 shares in the last quarter. Versant Capital Management Inc acquired a new position in Savers Value Village during the first quarter worth $51,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Savers Value Village in the 4th quarter valued at $1,986,000. Wexford Capital LP bought a new stake in Savers Value Village during the 4th quarter worth about $106,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Savers Value Village by 56.8% during the 4th quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company's stock worth $1,100,000 after buying an additional 38,856 shares during the last quarter. 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.