Savers Value Village's (SVV) Buy Rating Reiterated at BTIG Research

Key Points

• BTIG Research reiterated its Buy rating on Savers Value Village and maintained a $15 price target, implying 50.38% upside from the share price cited in the article.
• Analyst views are mixed: the consensus rating is Hold, with an average price target of $13.29; four analysts rate the stock Buy and five rate it Hold.
• For the latest reported quarter, the company posted earnings of $0.16 per share, beating estimates by $0.01, while revenue rose 8.5% year over year to $463.08 million.

Savers Value Village (NYSE:SVV - Get Free Report)'s stock had its "buy" rating restated by BTIG Research in a note issued to investors on Wednesday, Benzinga reports. They currently have a $15.00 price objective on the stock. BTIG Research's target price would indicate a potential upside of 50.38% from the stock's current price.

Several other research analysts have also weighed in on SVV. Wells Fargo & Company assumed coverage on Savers Value Village in a report on Friday, September 18th. They set an "equal weight" rating and a $11.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Savers Value Village from $11.00 to $14.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings raised Savers Value Village from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday. Piper Sandler lifted their price objective on Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $11.00 price objective on shares of Savers Value Village in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Savers Value Village has a consensus rating of "Hold" and an average target price of $13.29.

Savers Value Village Trading Down 0.9%

NYSE SVV traded down $0.10 during trading on Wednesday, reaching $9.97. 511,803 shares of the stock traded hands, compared to its average volume of 1,262,210. Savers Value Village has a fifty-two week low of $6.91 and a fifty-two week high of $12.69. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 24.96 and a beta of 1.22. The stock's 50-day moving average price is $9.54 and its 200 day moving average price is $9.41.

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

Insiders Place Their Bets

In other news, Director William T. Allen sold 26,151 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $9.22, for a total transaction of $241,112.22. Following the completion of the transaction, the director directly owned 28,861 shares of the company's stock, valued at $266,098.42. This trade represents a 47.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.46% of the stock is currently owned by company insiders.

Institutional Trading of Savers Value Village

A number of institutional investors have recently made changes to their positions in SVV. Integrated Wealth Concepts LLC bought a new position in Savers Value Village in the second quarter valued at $33,000. State of Alaska Department of Revenue bought a new stake in Savers Value Village during the 3rd quarter worth about $76,000. Royal Bank of Canada lifted its position in Savers Value Village by 801.5% during the 1st quarter. Royal Bank of Canada now owns 11,233 shares of the company's stock worth $83,000 after buying an additional 9,987 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Savers Value Village during the 1st quarter worth about $90,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Savers Value Village during the 2nd quarter worth about $125,000. Institutional investors 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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