Savers Value Village (NYSE:SVV) PT Lowered to $19.00

Savers Value Village (NYSE:SVV - Get Free Report) had its price objective decreased by research analysts at Piper Sandler from $24.00 to $19.00 in a report issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price target would suggest a potential upside of 39.14% from the company's previous close.

Separately, Robert W. Baird decreased their price target on shares of Savers Value Village from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Friday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $26.13.

Savers Value Village Stock Down 20.4 %

SVV stock traded down $3.49 during trading on Friday, hitting $13.66. The stock had a trading volume of 4,476,813 shares, compared to its average volume of 677,924. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.09. The company's 50 day moving average price is $18.07 and its two-hundred day moving average price is $17.13. Savers Value Village has a 1-year low of $10.16 and a 1-year high of $26.88.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). Savers Value Village had a net margin of 3.54% and a return on equity of 14.98%. The firm had revenue of $354.17 million during the quarter, compared to the consensus estimate of $354.88 million. Sell-side analysts forecast that Savers Value Village will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Richard A. Medway sold 5,700 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $18.98, for a total transaction of $108,186.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Richard A. Medway sold 5,700 shares of Savers Value Village stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $18.98, for a total value of $108,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jubran N. Tanious sold 10,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. Insiders have sold 65,855 shares of company stock worth $1,238,650 in the last ninety days.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Savers Value Village by 1,264.2% in the third quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company's stock valued at $42,026,000 after purchasing an additional 2,085,983 shares during the last quarter. Norges Bank bought a new stake in shares of Savers Value Village in the fourth quarter valued at about $25,076,000. American Century Companies Inc. increased its holdings in shares of Savers Value Village by 602.1% during the third quarter. American Century Companies Inc. now owns 1,238,684 shares of the company's stock worth $23,126,000 after purchasing an additional 1,062,253 shares during the period. Goldman Sachs Group Inc. raised its holdings in Savers Value Village by 103.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company's stock valued at $16,908,000 after acquiring an additional 495,482 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in Savers Value Village by 17.8% in the third quarter. Loomis Sayles & Co. L P now owns 695,890 shares of the company's stock valued at $12,992,000 after purchasing an additional 105,231 shares in the last quarter. 98.78% of the stock is owned by 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.