Savers Value Village (NYSE:SVV) Price Target Cut to $10.00 by Analysts at Piper Sandler

Savers Value Village (NYSE:SVV - Free Report) had its price objective decreased by Piper Sandler from $11.00 to $10.00 in a research note published on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

SVV has been the subject of a number of other research reports. UBS Group decreased their target price 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. JPMorgan Chase & Co. decreased their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.67.

Savers Value Village Trading Down 1.4 %

NYSE SVV traded down $0.12 on Monday, hitting $7.93. The company's stock had a trading volume of 695,256 shares, compared to its average volume of 654,933. The firm has a market cap of $1.27 billion, a PE ratio of 44.03 and a beta of 1.09. The company's 50-day moving average is $10.54 and its 200 day moving average is $10.03. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. 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 announced 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 company had revenue of $401.99 million for the quarter, compared to analyst estimates 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, analysts predict that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Richard A. Medway sold 4,800 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.38% of the stock is owned by insiders.

Institutional Trading of Savers Value Village

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SVV. Geode Capital Management LLC grew its stake in Savers Value Village by 10.2% in the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company's stock valued at $5,714,000 after acquiring an additional 50,051 shares during the period. Baillie Gifford & Co. grew its position in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after purchasing an additional 3,138,844 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Savers Value Village during the 3rd quarter valued at $252,000. FMR LLC raised its holdings 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 buying an additional 808,867 shares during the last quarter. Finally, AIA Group Ltd raised its holdings in Savers Value Village by 120.6% during the third quarter. AIA Group Ltd now owns 106,641 shares of the company's stock worth $1,122,000 after buying an additional 58,297 shares during the last quarter. 98.78% of the stock is owned by 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.