Savers Value Village, Inc. (NYSE:SVV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Savers Value Village, Inc. (NYSE:SVV) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.67.

SVV has been the subject of a number of research reports. UBS Group decreased their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, February 21st. William Blair initiated coverage on Savers Value Village in a research report on Friday, April 4th. They issued an “outperform” rating on the stock. Piper Sandler reduced their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

Insider Activity at Savers Value Village

In other news, insider T. Charles Hunsinger bought 6,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $7.25 per share, with a total value of $43,500.00. Following the transaction, the insider now directly owns 14,100 shares in the company, valued at approximately $102,225. This trade represents a 74.07 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The disclosure for this sale can be found here. 2.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Savers Value Village

A number of institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in Savers Value Village by 13.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company’s stock valued at $2,186,000 after purchasing an additional 24,746 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Savers Value Village during the 3rd quarter worth about $252,000. Geode Capital Management LLC increased its holdings in shares of Savers Value Village by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after purchasing an additional 50,051 shares during the period. Baillie Gifford & Co. raised its position in shares of Savers Value Village by 570.0% during 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 last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of Savers Value Village in the fourth quarter valued at about $138,000. 98.78% of the stock is currently owned by institutional investors.

Savers Value Village Stock Up 1.0 %

Shares of SVV opened at $9.03 on Friday. The firm has a market cap of $1.43 billion, a PE ratio of 50.14 and a beta of 1.24. 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 company’s fifty day moving average is $8.12 and its two-hundred day moving average is $9.47. Savers Value Village has a fifty-two week low of $6.48 and a fifty-two week high of $17.91.

Savers Value Village (NYSE:SVV) last released its quarterly 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). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The company had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Analysts forecast that Savers Value Village will post 0.28 earnings per share for the current year.

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.