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

Shares of Savers Value Village, Inc. (NYSE:SVV - Get Free Report) have received an average rating 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 rating and four have issued a buy rating on 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.

Several research firms recently weighed in on SVV. 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, May 2nd. William Blair initiated coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating on the stock. The Goldman Sachs Group boosted their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. UBS Group lowered their target price on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their target price on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st.

Savers Value Village Stock Performance

Shares of SVV traded down $0.41 on Wednesday, reaching $11.02. The company's stock had a trading volume of 560,050 shares, compared to its average volume of 775,504. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $15.53. The stock has a market capitalization of $1.74 billion, a P/E ratio of 61.23 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The stock's 50 day simple moving average is $8.30 and its two-hundred day simple moving average is $9.45.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The firm had revenue of $401.99 million for the quarter, compared to analysts' expectations of $402.00 million. Research analysts forecast that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other Savers Value Village news, insider T. Charles Hunsinger bought 6,000 shares of Savers Value Village stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $7.25 per share, with a total value of $43,500.00. Following the purchase, the insider now directly owns 14,100 shares in the company, valued at $102,225. This represents a 74.07 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.38% of the company's stock.

Institutional Trading of Savers Value Village

A number of institutional investors and hedge funds have recently modified their holdings of SVV. Baillie Gifford & Co. lifted its position in shares of Savers Value Village by 570.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after acquiring an additional 3,138,844 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Savers Value Village by 49.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock valued at $61,192,000 after purchasing an additional 1,970,894 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Savers Value Village during the fourth quarter worth about $11,324,000. Marshall Wace LLP raised its holdings in Savers Value Village by 1,328.7% in the 4th 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 during the last quarter. Finally, Primecap Management Co. CA lifted its stake in Savers Value Village by 662.1% in the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company's stock worth $4,835,000 after purchasing an additional 409,850 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company's stock.

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.