Savers Value Village (NYSE:SVV) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Savers Value Village from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with an average price target of $13.29.
• Analyst views are mixed: BTIG maintained a “Buy” rating with a $15 target, while JPMorgan raised its target to $14 but kept a “Neutral” rating; Wells Fargo and Goldman Sachs also rated the stock “Equal Weight” or “Neutral.”
• The company beat quarterly estimates, reporting EPS of $0.16 versus $0.15 expected and revenue of $463.08 million versus $459.22 million expected; revenue rose 8.5% year over year.

Savers Value Village (NYSE:SVV - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday, Wall Street Zen reports.

SVV has been the topic of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of Savers Value Village from $11.00 to $14.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. BTIG Research reiterated a "buy" rating and set a $15.00 price objective on shares of Savers Value Village in a research report on Wednesday. Wells Fargo & Company started coverage on Savers Value Village in a report on Friday, September 18th. They issued an "equal weight" rating and a $11.00 price objective for the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $11.00 price objective on shares of Savers Value Village in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Savers Value Village from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, November 9th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $13.29.

Savers Value Village Stock Performance

NYSE SVV traded up $0.33 during trading hours on Friday, reaching $10.42. The company's stock had a trading volume of 1,170,162 shares, compared to its average volume of 1,997,864. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $9.53 and a 200 day simple moving average of $9.41. Savers Value Village has a 52 week low of $6.91 and a 52 week high of $12.69. The stock has a market cap of $1.60 billion, a PE ratio of 26.05 and a beta of 1.22.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $463.08 million during the quarter, compared to analyst estimates of $459.22 million. Savers Value Village had a return on equity of 15.51% and a net margin of 3.50%. The business's revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. Equities research analysts predict that Savers Value Village will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William T. Allen sold 26,151 shares of Savers Value Village stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $9.22, for a total transaction of $241,112.22. Following the transaction, the director directly owned 28,861 shares of the company's stock, valued at $266,098.42. The trade was a 47.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Savers Value Village

Several hedge funds have recently made changes to their positions in SVV. Caxton Associates LLP bought a new stake in shares of Savers Value Village during the 3rd quarter worth $295,000. Ieq Capital LLC grew its holdings in shares of Savers Value Village by 17.3% in the 3rd quarter. Ieq Capital LLC now owns 115,066 shares of the company's stock worth $1,060,000 after acquiring an additional 16,991 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Savers Value Village during the third quarter worth $640,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Savers Value Village during the third quarter worth $241,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Savers Value Village during the third quarter valued at $76,000. Institutional investors and hedge funds own 98.78% of the company's stock.

Savers Value Village Company Profile

Savers Value Village Inc. operates a for-profit thrift store business, selling secondhand clothing, accessories, household goods, books and other merchandise. Its stores operate under several banners, including Savers, Value Village, Village des Valeurs, Unique and 2nd Ave. The company sources much of its merchandise through relationships with nonprofit organizations. It purchases donated goods from these partners, then sorts, processes and sells items through its retail stores, helping extend the useful life of donated products while providing revenue to nonprofit partners.

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