Analysts Set Savers Value Village, Inc. (NYSE:SVV) PT at $11.83

Shares of Savers Value Village, Inc. (NYSE:SVV) have received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.83.

SVV has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. William Blair initiated coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an “outperform” rating on the stock. Piper Sandler lifted their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. UBS Group reduced their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group lifted their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, May 2nd.

Insiders Place Their Bets

In related news, insider T. Charles Hunsinger bought 6,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the purchase, the insider now owns 14,100 shares in the company, valued at $102,225. This trade represents a 74.07% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Savers Value Village

Institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. raised its stake in shares of 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 in the last quarter. Primecap Management Co. CA raised its stake in shares of Savers Value Village by 662.1% in the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock valued at $4,835,000 after purchasing an additional 409,850 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Savers Value Village by 94.0% in the 4th quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock valued at $1,280,000 after purchasing an additional 60,507 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Savers Value Village by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock valued at $24,422,000 after purchasing an additional 68,316 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Savers Value Village by 389.9% in the 4th quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock valued at $849,000 after purchasing an additional 65,900 shares in the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Stock Down 3.6%

Shares of NYSE SVV opened at $11.02 on Wednesday. Savers Value Village has a 52-week low of $6.48 and a 52-week high of $14.71. The firm has a fifty day moving average of $8.30 and a 200-day moving average of $9.45. The stock has a market capitalization of $1.74 billion, a PE ratio of 61.23 and a beta of 0.95. 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 (NYSE:SVV) last posted its 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 for the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. On average, analysts anticipate that Savers Value Village will post 0.28 EPS for the current year.

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.