Piper Sandler Forecasts Strong Price Appreciation for Savers Value Village (NYSE:SVV) Stock

Key Points

• Piper Sandler raised the target price for Savers Value Village (NYSE:SVV) from $11.00 to $12.00, indicating a potential upside of 15.38%.
• Recent reports from other analysts show a consensus that includes one strong buy, five buy ratings, and three holds, with an average target price of $12.71.
• The company's quarterly earnings beat estimates with an EPS of $0.14 and revenue of $417.21 million, reflecting a 7.9% increase compared to the previous year.

Savers Value Village (NYSE:SVV - Free Report) had its price objective upped by Piper Sandler from $11.00 to $12.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Northland Capmk raised Savers Value Village to a "strong-buy" rating in a research note on Tuesday, June 10th. Northland Securities initiated coverage on Savers Value Village in a research note on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price objective for the company. William Blair started coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. increased their price target on shares of Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group raised their price target on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Savers Value Village has a consensus rating of "Moderate Buy" and an average target price of $12.71.

Savers Value Village Price Performance

Shares of Savers Value Village stock traded down $0.20 during trading on Friday, hitting $11.44. 715,540 shares of the stock traded hands, compared to its average volume of 803,587. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 54.54 and a beta of 1.00. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 1.69. Savers Value Village has a 52 week low of $6.48 and a 52 week high of $11.97. The firm's fifty day moving average is $10.40 and its 200-day moving average is $9.62.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $417.21 million during the quarter, compared to analyst estimates of $405.75 million. Savers Value Village had a net margin of 2.14% and a return on equity of 8.86%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. Research analysts expect that Savers Value Village will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Melinda L. Geisser sold 48,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $10.80, for a total value of $518,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard A. Medway sold 17,619 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total value of $187,642.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,978 shares of company stock worth $1,354,209. Company insiders own 3.09% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

Hedge funds have recently bought and sold shares of the business. TD Asset Management Inc raised its stake in Savers Value Village by 61.7% during the second quarter. TD Asset Management Inc now owns 204,654 shares of the company's stock valued at $2,087,000 after buying an additional 78,070 shares during the last quarter. CWM LLC lifted its position in Savers Value Village by 1,382.9% in the 2nd quarter. CWM LLC now owns 15,333 shares of the company's stock valued at $156,000 after acquiring an additional 14,299 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Savers Value Village in the first quarter worth $120,000. Maverick Capital Ltd. increased its holdings in Savers Value Village by 79.5% in the 1st quarter. Maverick Capital Ltd. now owns 49,092 shares of the company's stock worth $339,000 after buying an additional 21,743 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Savers Value Village during the first quarter valued at approximately $1,495,000. Institutional investors own 98.78% of the company's stock.

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.