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

Shares of Savers Value Village, Inc. (NYSE:SVV) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.83.

A number of equities research analysts have issued reports on the stock. Piper Sandler increased their target price 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. JPMorgan Chase & Co. reduced their price objective 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. Finally, UBS Group reduced their price objective 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.

Savers Value Village Trading Down 20.7 %

Shares of Savers Value Village stock traded down $2.34 during mid-day trading on Friday, hitting $8.93. The stock had a trading volume of 1,980,451 shares, compared to its average volume of 578,462. The firm has a 50-day moving average of $10.68 and a two-hundred day moving average of $10.07. Savers Value Village has a 12-month low of $7.78 and a 12-month high of $21.33. 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 firm has a market cap of $1.43 billion, a P/E ratio of 19.40 and a beta of 1.09.

Savers Value Village (NYSE:SVV) last posted 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). Savers Value Village had a net margin of 4.93% and a return on equity of 9.11%. The firm had revenue of $401.99 million during the quarter, compared to analysts’ expectations of $402.00 million. Sell-side analysts forecast that Savers Value Village will post 0.28 earnings per share for the current year.

Insider Activity at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the firm’s stock in a transaction on 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 filing with the SEC, which is available through this hyperlink. Insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SVV. Baillie Gifford & Co. grew its position in Savers Value Village by 570.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after purchasing an additional 3,138,844 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Savers Value Village by 49.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company’s stock worth $61,192,000 after purchasing an additional 1,970,894 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Savers Value Village in the fourth quarter valued at about $11,324,000. FMR LLC boosted its holdings in shares of Savers Value Village by 30.8% in the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after acquiring an additional 808,867 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Savers Value Village by 1,328.7% in the fourth quarter. Marshall Wace LLP now owns 541,103 shares of the company’s stock valued at $5,546,000 after acquiring an additional 503,230 shares in the last quarter. 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.