Savers Value Village, Inc. (NYSE:SVV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Savers Value Village, Inc. (NYSE:SVV) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.1667.

SVV has been the subject of several recent analyst reports. Wall Street Zen raised shares of Savers Value Village from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. BTIG Research initiated coverage on shares of Savers Value Village in a research report on Tuesday, October 14th. They set a “buy” rating and a $18.00 price objective for the company. Weiss Ratings raised shares of Savers Value Village from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Savers Value Village from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Piper Sandler lifted their price objective on shares of Savers Value Village from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st.

Insider Transactions at Savers Value Village

In other news, CEO Mark T. Walsh sold 34,184 shares of Savers Value Village stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $13.08, for a total transaction of $447,126.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Richard A. Medway sold 20,000 shares of Savers Value Village stock in a transaction on Friday, September 26th. The stock was sold at an average price of $13.69, for a total transaction of $273,800.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 217,863 shares of company stock valued at $2,755,037. Insiders own 3.09% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Several hedge funds and other institutional investors have recently bought and sold shares of SVV. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Savers Value Village by 91.5% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,976 shares of the company’s stock worth $2,560,000 after acquiring an additional 177,261 shares in the last quarter. Homestead Advisers Corp raised its stake in Savers Value Village by 25.4% during the 1st quarter. Homestead Advisers Corp now owns 187,106 shares of the company’s stock worth $1,291,000 after acquiring an additional 37,906 shares in the last quarter. Baillie Gifford & Co. raised its stake in Savers Value Village by 76.4% during the 1st quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company’s stock worth $44,919,000 after acquiring an additional 2,820,500 shares in the last quarter. TD Asset Management Inc raised its stake in Savers Value Village by 16.2% during the 1st quarter. TD Asset Management Inc now owns 126,584 shares of the company’s stock worth $873,000 after acquiring an additional 17,686 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Savers Value Village by 671.3% during the 1st quarter. Federated Hermes Inc. now owns 185,107 shares of the company’s stock worth $1,277,000 after acquiring an additional 161,107 shares in the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

Shares of SVV stock opened at $13.61 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 1.65. Savers Value Village has a 52 week low of $6.48 and a 52 week high of $13.89. The stock has a market capitalization of $2.12 billion, a PE ratio of 64.79 and a beta of 1.07. The firm has a 50 day moving average of $12.67 and a two-hundred day moving average of $11.15.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $0.18 EPS for the quarter. Savers Value Village had a net margin of 2.14% and a return on equity of 8.85%. The company had revenue of $394.80 million during the quarter. On average, research analysts predict that Savers Value Village will post 0.28 EPS for the current fiscal 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.