Savers Value Village (NYSE:SVV) Given New $9.00 Price Target at JPMorgan Chase & Co.

Savers Value Village (NYSE:SVV - Get Free Report) had its price target dropped by research analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 13.85% from the stock's previous close.

Separately, Piper Sandler raised their price objective on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Savers Value Village has a consensus rating of "Moderate Buy" and a consensus target price of $11.67.

Savers Value Village Trading Up 1.3 %

SVV stock traded up $0.11 during mid-day trading on Friday, reaching $7.91. The company's stock had a trading volume of 876,223 shares, compared to its average volume of 650,770. Savers Value Village has a 12 month low of $7.67 and a 12 month high of $21.33. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The business's 50 day moving average price is $10.63 and its 200 day moving average price is $10.05. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 43.92 and a beta of 1.09.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. On average, equities research analysts predict that Savers Value Village will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction dated Tuesday, January 21st. The stock was 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 available through the SEC website. Corporate insiders own 2.38% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SVV. BNP Paribas Financial Markets purchased a new stake in shares of Savers Value Village in the 4th quarter valued at $36,000. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village in the fourth quarter worth $57,000. Wexford Capital LP purchased a new stake in Savers Value Village during the fourth quarter valued at about $106,000. Wells Fargo & Company MN grew its stake in shares of Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock valued at $112,000 after buying an additional 3,725 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Savers Value Village in the fourth quarter worth about $113,000. 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.