Savers Value Village, Inc. (NYSE:SVV) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Savers Value Village, Inc. has received an average rating of "Moderate Buy" from seven research firms, with an average 12-month target price of $12.20.
• Insider sales included General Counsel Richard A. Medway selling 17,619 shares at an average price of $10.65, while Director William T. Allen sold 12,402 shares at $11.15, with insiders having sold a total of $1.92 million in the last three months.
• The company reported a 7.9% year-over-year increase in quarterly revenue, reaching $417.21 million, and topped earnings estimates with $0.14 per share.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.20.

Several brokerages have recently commented on SVV. JPMorgan Chase & Co. boosted their price objective on Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Piper Sandler boosted their price objective on Savers Value Village from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Savers Value Village from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Northland Securities assumed coverage on Savers Value Village in a research report on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 target price on the stock.

Insider Buying and Selling

In related news, insider Melinda L. Geisser sold 14,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $12.98, for a total value of $181,720.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William T. Allen sold 12,402 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.15, for a total value of $138,282.30. Following the completion of the sale, the director owned 16,655 shares in the company, valued at $185,703.25. This represents a 42.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,560 shares of company stock valued at $2,205,851 in the last ninety days. Company insiders own 3.09% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SVV. State of Wyoming bought a new position in shares of Savers Value Village during the second quarter valued at approximately $318,000. Cannell Capital LLC bought a new position in Savers Value Village in the second quarter worth approximately $4,033,000. Shay Capital LLC bought a new position in Savers Value Village in the second quarter worth approximately $765,000. Lazard Asset Management LLC bought a new position in Savers Value Village in the second quarter worth approximately $57,000. Finally, Engineers Gate Manager LP grew its stake in Savers Value Village by 100.1% in the second quarter. Engineers Gate Manager LP now owns 68,563 shares of the company's stock worth $699,000 after purchasing an additional 34,291 shares in the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Savers Value Village Price Performance

Shares of Savers Value Village stock traded down $0.31 during trading hours on Tuesday, hitting $12.42. The company's stock had a trading volume of 1,539,614 shares, compared to its average volume of 1,066,627. The business has a 50 day moving average price of $11.19 and a two-hundred day moving average price of $9.82. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $13.11. The company has a market cap of $1.93 billion, a PE ratio of 59.15 and a beta of 1.02. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.69.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%.The business had revenue of $417.21 million for the quarter, compared to the consensus estimate of $405.75 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. Analysts expect that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Savers Value Village Company Profile

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.